Fairfax Financial Holdings Limited (TSE:FFH) Given Average Recommendation of “Moderate Buy” by Brokerages

Fairfax Financial Holdings Limited (TSE:FFH) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$2,751.57.

Several equities research analysts have commented on FFH shares. National Bank Financial increased their price objective on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the company a “neutral” rating in a report on Friday, June 26th.

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock opened at C$2,220.53 on Friday. Fairfax Financial has a 52 week low of C$2,066.16 and a 52 week high of C$2,700.00. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 54.38. The business has a 50 day moving average price of C$2,318.51 and a 200-day moving average price of C$2,309.50. The company has a market cap of C$46.12 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.27 and a beta of 0.31.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. The business had revenue of C$18.46 billion during the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%. Equities analysts anticipate 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.