Fairfax Financial (TSE:FFH) Price Target Raised to C$3,335.00

Fairfax Financial (TSE:FFH) had its target price increased by analysts at Royal Bank Of Canada from C$3,254.00 to C$3,335.00 in a report issued on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 22.58% from the stock’s previous close.

Several other analysts also recently weighed in on FFH. RBC Dominion Securities raised their target price on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. ATB Cormark Capital Markets raised Fairfax Financial from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$2,500.00 to C$2,850.00 in a research report on Wednesday. Scotia boosted their price target on Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the stock a “sector outperform” rating in a research note on Thursday. National Bank Financial increased their price target on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Finally, Raymond James Financial raised their price objective on Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the company an “outperform” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Fairfax Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,905.89.

Fairfax Financial Stock Performance

Shares of FFH stock traded down C$33.94 on Thursday, hitting C$2,720.63. The stock had a trading volume of 64,612 shares, compared to its average volume of 70,270. The firm has a market capitalization of C$60.87 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.27 and a beta of 0.34. The stock’s 50 day moving average is C$2,319.96 and its 200-day moving average is C$2,315.56. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,788.03.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$61.67 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. The firm had revenue of C$17.94 billion for the quarter. Equities analysts expect that Fairfax Financial will post 212.30 earnings per share for the current year.

Fairfax Financial Company Profile

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