ATB Cormack Upgrades Fairfax Financial (TSE:FFH) to Outperform

Fairfax Financial (TSE:FFH) was upgraded by stock analysts at ATB Cormack from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a C$2,850.00 price target on the stock, up from their previous price target of C$2,500.00. ATB Cormack‘s price objective would suggest a potential upside of 4.51% from the company’s current price.

Several other equities research analysts have also recently issued reports on FFH. RBC Dominion Securities boosted their price objective on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. National Bank Financial raised their target price on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. ATB Cormark Capital Markets decreased their price target 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. Finally, Raymond James Financial decreased their price target on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$2,703.22.

Fairfax Financial Trading Up 9.6%

Shares of FFH traded up C$238.27 during trading hours on Wednesday, reaching C$2,727.13. 140,510 shares of the company traded hands, compared to its average volume of 70,097. The firm has a market cap of C$61.01 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.27 and a beta of 0.34. Fairfax Financial has a 12-month low of C$2,066.16 and a 12-month high of C$2,788.03. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38. The stock’s fifty day moving average price is C$2,310.46 and its 200 day moving average price is C$2,314.64.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported C$61.67 EPS for the quarter. The firm had revenue of C$17.94 billion for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. Sell-side analysts forecast that Fairfax Financial will post 212.30 earnings per share for the current 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.