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

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$2,793.50.

FFH has been the subject of several recent research reports. National Bank Financial increased their price target on Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday, April 29th. Royal Bank Of Canada increased their price target on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Raymond James Financial increased their price target on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. BMO Capital Markets dropped their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Finally, ATB Cormark Capital Markets boosted their price target on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd.

Fairfax Financial Stock Performance

Shares of FFH stock opened at C$2,252.14 on Wednesday. The stock has a market capitalization of C$46.45 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.27 and a beta of 0.36. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,700.00. The stock’s 50-day moving average price is C$2,298.19 and its 200 day moving average price is C$2,365.12. The company has a quick ratio of 0.93, a current ratio of 2.65 and a debt-to-equity ratio of 54.00.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share (EPS) for the quarter. The firm had revenue of C$15.57 billion for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%. As a group, equities research analysts forecast that Fairfax Financial will post 212.3039807 EPS 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.