Fairfax Financial (TSE:FFH) Price Target Raised to C$3,000.00

Fairfax Financial (TSE:FFH) had its price target hoisted by investment analysts at Scotia from C$2,950.00 to C$3,000.00 in a report issued on Thursday, BayStreet reports. The firm presently has a “sector outperform” rating on the stock. Scotia‘s price objective suggests a potential upside of 10.27% from the company’s current price.

FFH has been the topic of a number of other reports. RBC Dominion Securities raised their price target on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Raymond James Financial dropped their price target on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. National Bank Financial upped their price objective on 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. Finally, ATB Cormark Capital Markets upgraded Fairfax Financial from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$2,500.00 to C$2,850.00 in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$2,905.89.

Fairfax Financial Stock Performance

Shares of FFH traded down C$33.94 during mid-day trading on Thursday, hitting C$2,720.63. 64,612 shares of the company’s stock were exchanged, compared to its average volume of 70,270. The company has a market cap of C$60.87 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.27 and a beta of 0.34. Fairfax Financial has a fifty-two week low of C$2,066.16 and a fifty-two week high of C$2,788.03. The stock’s 50-day moving average is C$2,319.96 and its 200-day moving average is C$2,315.56.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported C$61.67 EPS for the quarter. The business had revenue of C$17.94 billion during the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. As a group, equities research analysts anticipate that Fairfax Financial will post 212.30 EPS 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.