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

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$2,764.29.

Several equities analysts have recently issued reports on the stock. Raymond James Financial cut their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. National Bankshares upped their price target on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Scotiabank lifted their price objective on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets cut their target price on Fairfax Financial from C$2,700.00 to C$2,600.00 in a research report on Monday, November 10th.

Fairfax Financial Trading Down 0.4%

Shares of FFH stock opened at C$2,605.84 on Friday. Fairfax Financial has a 12-month low of C$1,836.92 and a 12-month high of C$2,660.00. The business’s fifty day simple moving average is C$2,403.79 and its 200-day simple moving average is C$2,410.36. The company has a market cap of C$57.95 billion, a PE ratio of 12.62, a PEG ratio of 0.27 and a beta of 0.35.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The firm had revenue of C$17.72 billion for the quarter. On average, equities analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current 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.