Fairfax Financial (TSE:FFH) Cut to Hold at BMO Capital Markets

BMO Capital Markets lowered shares of Fairfax Financial (TSE:FFH) from an outperform rating to a hold rating in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has C$2,500.00 target price on the stock, down from their previous target price of C$2,600.00.

A number of other equities research analysts have also recently commented on FFH. National Bankshares lifted their price target on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Raymond James Financial cut their price target on Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Finally, Scotiabank boosted their price objective on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,750.00.

Fairfax Financial Price Performance

Shares of Fairfax Financial stock opened at C$2,286.04 on Thursday. The firm has a market cap of C$50.59 billion, a PE ratio of 11.07, a P/E/G ratio of 0.27 and a beta of 0.40. Fairfax Financial has a 1 year low of C$1,836.92 and a 1 year high of C$2,700.00. The stock has a fifty day moving average price of C$2,475.92 and a 200-day moving average price of C$2,415.62.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share for the quarter. The company had revenue of C$17.72 billion during the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. As a group, equities analysts anticipate 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.