Fairfax Financial (TSE:FFH) Price Target Raised to C$3,450.00

Fairfax Financial (TSE:FFH) had its price target hoisted by National Bank Financial from C$3,300.00 to C$3,450.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on Fairfax Financial and gave the company a “neutral” rating in a report on Friday, June 26th. Raymond James Financial upped their target price on shares of 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. Royal Bank Of Canada increased their target price on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets decreased 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. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$2,751.57.

Fairfax Financial Price Performance

TSE:FFH opened at C$2,410.93 on Monday. The stock has a 50 day moving average of C$2,292.38 and a two-hundred day moving average of C$2,324.72. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,700.00. The firm has a market cap of C$49.72 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 0.27 and a beta of 0.31. The company has a current ratio of 2.65, a quick ratio of 0.93 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. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.The firm had revenue of C$15.57 billion for the quarter. On average, analysts expect that Fairfax Financial will post 212.3039807 earnings per share 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.