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

Fairfax Financial Holdings Limited (TSE:FFH) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Four 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 issued a report on the stock in the last year is C$2,730.14.

A number of research firms have issued reports on FFH. Raymond James Financial lifted their price target on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. National Bank Financial lifted their price target on Fairfax Financial from C$3,200.00 to C$3,300.00 in a research note on Wednesday, April 29th. BMO Capital Markets dropped their target price on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on shares of Fairfax Financial and gave the stock a “neutral” rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th.

Fairfax Financial Price Performance

FFH stock opened at C$2,347.02 on Friday. The company has a market capitalization of C$48.40 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.27 and a beta of 0.36. The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,700.00. The business has a 50-day simple moving average of C$2,272.48 and a two-hundred day simple moving average of C$2,355.18.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share (EPS) for the quarter. The business had revenue of C$15.57 billion during the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%. Research analysts expect that Fairfax Financial 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.