Shares of Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2,463.78 and traded as low as C$2,436.42. Fairfax Financial shares last traded at C$2,436.42, with a volume of 119,835 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages recently commented on FFH. BMO Capital Markets reduced their target price on Fairfax Financial from C$2,700.00 to C$2,600.00 in a report on Monday, November 10th. Raymond James Financial reduced their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Scotiabank lifted their target price on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, National Bankshares upped their price target on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Fairfax Financial has a consensus rating of “Moderate Buy” and an average price target of C$2,764.29.
Check Out Our Latest Report on FFH
Fairfax Financial Trading Down 5.2%
Fairfax Financial (TSE:FFH – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The business had revenue of C$17.72 billion for the quarter. On average, research analysts anticipate that Fairfax Financial Holdings Limited will post 212.3039807 earnings per share 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.
Further Reading
- Five stocks we like better than Fairfax Financial
- Do not delete, read immediately
- How a Family Trust May Be Able To Help Preserve Your Wealth
- The Crash Has Already Started (Most Just Don’t See It Yet)
- Wall Street Alert: Buy AES
- NEW LAW: Congress Approves Setup For Digital Dollar?
Receive News & Ratings for Fairfax Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairfax Financial and related companies with MarketBeat.com's FREE daily email newsletter.
