Fairfax Financial (TSE:FFH) Price Target Raised to C$2,318.00

Fairfax Financial (TSE:FFH) had its target price lifted by RBC Dominion Securities from C$2,223.00 to C$2,318.00 in a research report released on Friday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on FFH. National Bank Financial raised their price target on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Raymond James Financial lowered their price objective on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. ATB Cormark Capital Markets dropped their target price on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating for the company in a report on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce set a C$2,350.00 target price on shares of Fairfax Financial and gave the stock a “neutral” rating in a report on Friday, June 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,666.12.

Fairfax Financial Stock Performance

TSE:FFH opened at C$2,468.15 on Friday. The firm has a market cap of C$55.22 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.27 and a beta of 0.34. Fairfax Financial has a fifty-two week low of C$2,066.16 and a fifty-two week high of C$2,700.00. The company has a debt-to-equity ratio of 54.38, a quick ratio of 0.93 and a current ratio of 2.03. The business has a 50 day moving average price of C$2,279.57 and a 200-day moving average price of C$2,300.69.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The company had revenue of C$18.46 billion for the quarter. Equities research analysts predict that Fairfax Financial will post 212.30 earnings per share for the current year.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.