Fairfax Financial Holdings Limited (TSE:FFH) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$2,751.57.

Several research analysts recently commented on the company. Raymond James Financial lifted their price target on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. National Bank Financial upped their price objective on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. BMO Capital Markets lowered their price objective on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the stock a “neutral” rating in a report on Friday, June 26th.

Fairfax Financial Price Performance

FFH stock opened at C$2,241.47 on Monday. Fairfax Financial has a 52 week low of C$2,066.16 and a 52 week high of C$2,700.00. The firm has a market capitalization of C$46.55 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.27 and a beta of 0.30. The company has a fifty day simple moving average of C$2,327.89 and a two-hundred day simple moving average of C$2,315.56. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 54.38.

Fairfax Financial (TSE:FFH) last posted its earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share 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%. Analysts anticipate that Fairfax Financial will post 212.3039807 earnings per share for the current fiscal 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.