Fairfax Financial Holdings Limited (TSE:FFH) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$2,684.88.

Several research firms recently issued reports on FFH. National Bank Financial raised their target price on shares of 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. 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 report on Friday, October 16th. ATB Cormark Capital Markets cut their price target on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 8th. Finally, RBC Dominion Securities lifted 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 report on Friday, October 23rd.

Fairfax Financial Price Performance

FFH stock opened at C$2,501.52 on Friday. The stock has a market capitalization of C$55.96 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.27 and a beta of 0.34. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 54.38. 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 fifty day simple moving average is C$2,301.14 and its 200-day simple moving average is C$2,315.36.

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