Fairfax Financial (TSE:FFH) Releases Earnings Results

Fairfax Financial (TSE:FFH) posted its quarterly earnings data on Tuesday. The company reported C$61.67 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$17.94 billion during the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%.

Fairfax Financial Trading Down 0.1%

FFH opened at C$2,488.86 on Wednesday. The business has a 50 day simple moving average of C$2,310.46 and a two-hundred day simple moving average of C$2,314.64. The company has a debt-to-equity ratio of 54.38, a current ratio of 2.03 and a quick ratio of 0.93. The firm has a market capitalization of C$55.68 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.27 and a beta of 0.34. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,700.00.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFH. Raymond James Financial decreased their price target 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. RBC Dominion Securities upped their price objective 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. National Bank Financial increased their price objective on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, ATB Cormark Capital Markets lowered their price target on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,684.88.

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.