Fairfax Financial Holdings Limited (TSE:FFH) Receives Average Rating of “Moderate Buy” from Analysts

Fairfax Financial Holdings Limited (TSE:FFH) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$2,743.75.

Several equities research analysts recently weighed in on FFH shares. National Bank Financial set a C$3,200.00 target price on shares of Fairfax Financial and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. ATB Cormark Capital Markets increased their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Scotiabank increased their price objective on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. Royal Bank Of Canada set a C$2,200.00 price objective on shares of Fairfax Financial and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd.

Fairfax Financial Stock Up 1.5%

Shares of FFH opened at C$2,424.20 on Tuesday. Fairfax Financial has a fifty-two week low of C$2,001.12 and a fifty-two week high of C$2,700.00. The firm’s 50 day moving average price is C$2,336.35 and its 200 day moving average price is C$2,382.66. The company has a market cap of C$52.00 billion, a P/E ratio of 11.34, a PEG ratio of 0.27 and a beta of 0.33.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, February 19th. The company reported C$79.02 earnings per share for the quarter. Fairfax Financial had a net margin of 15.70% and a return on equity of 18.62%. The firm had revenue of C$17.53 billion for the quarter. Research analysts forecast that Fairfax Financial will post 212.3039807 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.