Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$2,287.46 and traded as low as C$2,199.34. Fairfax Financial shares last traded at C$2,203.31, with a volume of 29,264 shares traded.
Analyst Upgrades and Downgrades
FFH has been the subject of a number of research analyst reports. National Bank Financial boosted their target price on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. 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. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fairfax Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$2,751.57.
Read Our Latest Report on Fairfax Financial
Fairfax Financial Price Performance
Fairfax Financial (TSE:FFH – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The company had revenue of C$18.46 billion for the quarter. Sell-side analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 EPS 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.
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