Fairfax Financial (TSE:FFH) Sets New 1-Year High – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH) shares hit a new 52-week high during mid-day trading on Friday. The stock traded as high as C$2,771.71 and last traded at C$2,755.21, with a volume of 31,641 shares trading hands. The stock had previously closed at C$2,751.79.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FFH shares. Raymond James Financial raised their target price on Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. Scotia increased their target price on shares of Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 5th. National Bank Financial boosted their price target 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. RBC Dominion Securities upped their price target on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Finally, ATB Cormark Capital Markets upgraded shares of Fairfax Financial from a “hold” rating to a “moderate buy” rating and raised their price objective for the company from C$2,500.00 to C$2,850.00 in a research note on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Fairfax Financial has a consensus rating of “Moderate Buy” and an average price target of C$2,905.89.

Fairfax Financial Stock Performance

The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 55.13. The firm has a market capitalization of C$61.64 billion, a PE ratio of 14.12, a PEG ratio of 0.27 and a beta of 0.44. The firm’s fifty day moving average price is C$2,374.85 and its 200 day moving average price is C$2,326.61.

Fairfax Financial (TSE:FFH) last issued its 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 return on equity of 15.98% and a net margin of 11.53%. On average, research analysts anticipate that Fairfax Financial Holdings Limited will post 212.30 earnings per share for the current 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.