Fairfax Financial (TSE:FFH) Stock Gets Price Target Reduction from ATB Cormark Capital Markets

Fairfax Financial (TSE:FFH) had its price objective reduced by ATB Cormark Capital Markets from C$2,600.00 to C$2,500.00 in a research note issued to investors on Thursday,BayStreet reports. They currently have a sector perform rating on the stock.

Several other analysts have also issued reports on FFH. Canadian Imperial Bank of Commerce set a C$2,350.00 price target on shares of Fairfax Financial and gave the company a “neutral” rating in a research report on Friday, June 26th. National Bank Financial lifted their price target on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$2,737.29.

Fairfax Financial Stock Up 1.2%

FFH opened at C$2,250.89 on Thursday. The business’s fifty day simple moving average is C$2,268.14 and its 200 day simple moving average is C$2,297.52. 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 stock has a market cap of C$46.75 billion, a PE ratio of 11.05, a P/E/G ratio of 0.27 and a beta of 0.34.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share for the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%. The company had revenue of C$18.46 billion during the quarter. As a group, research analysts expect that Fairfax Financial will post 212.30 earnings per share for the current fiscal 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.