Fairfax Financial (TSE:FFH) Stock Price Target Lowered at RBC Dominion Securities

Fairfax Financial (TSE:FFH) had its target price lowered by stock analysts at RBC Dominion Securities from C$2,316.00 to C$2,223.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. RBC Dominion Securities’ target price indicates a potential downside of 7.54% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. ATB Cormark Capital Markets lowered 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 research note on Thursday, October 8th. Canadian Imperial Bank of Commerce set a C$2,350.00 price target on shares of Fairfax Financial and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, 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. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Fairfax Financial has an average rating of “Moderate Buy” and a consensus price target of C$2,673.00.

Fairfax Financial Stock Up 5.0%

TSE FFH traded up C$114.65 during trading on Thursday, hitting C$2,404.23. The company’s stock had a trading volume of 45,262 shares, compared to its average volume of 70,469. 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 market cap of C$53.79 billion, a PE ratio of 11.80, a P/E/G ratio of 0.27 and a beta of 0.34. 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 business’s 50 day simple moving average is C$2,261.40 and its 200-day simple moving average is C$2,295.61.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. The firm had revenue of C$18.46 billion for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. On average, equities analysts anticipate that Fairfax Financial will post 212.30 EPS for the current fiscal 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.