Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,750.00 Consensus Price Target from Analysts

Fairfax Financial Holdings Limited (TSE:FFH) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$2,764.29.

A number of equities research analysts have issued reports on FFH shares. BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating and cut their target price for the company from C$2,600.00 to C$2,500.00 in a research note on Thursday, January 22nd. National Bankshares increased their price objective on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Raymond James Financial reduced their target price on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Royal Bank Of Canada set a C$2,200.00 target price on shares of Fairfax Financial and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Scotiabank lifted their price target on Fairfax Financial from C$3,050.00 to C$3,150.00 in a report on Friday.

Fairfax Financial Stock Up 1.0%

Shares of FFH stock opened at C$2,270.43 on Thursday. The company has a market cap of C$50.24 billion, a P/E ratio of 11.00, a PEG ratio of 0.27 and a beta of 0.40. The business has a 50 day moving average of C$2,461.73 and a two-hundred day moving average of C$2,406.91. Fairfax Financial has a 52 week low of C$1,836.92 and a 52 week high of C$2,700.00.

Fairfax Financial (TSE:FFH) last announced 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. Analysts expect that Fairfax Financial will post 212.3039807 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.