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

Fairfax Financial Holdings Limited (TSE:FFH) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$2,750.00.

A number of analysts recently commented on the stock. Scotiabank boosted their target price on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$2,600.00 to C$2,500.00 in a report on Thursday, January 22nd. National Bankshares increased their price objective on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Raymond James Financial decreased their target price on Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. Finally, Royal Bank Of Canada set a C$2,200.00 target price on Fairfax Financial and gave the company an “outperform” rating in a report on Monday.

Fairfax Financial Stock Down 1.3%

Shares of Fairfax Financial stock opened at C$2,221.68 on Thursday. The business has a fifty day simple moving average of C$2,470.25 and a 200-day simple moving average of C$2,411.33. The firm has a market cap of C$49.16 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.27 and a beta of 0.40. Fairfax Financial has a fifty-two week low of C$1,836.92 and a fifty-two week high of C$2,700.00.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$52.04 EPS for the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. The firm had revenue of C$17.72 billion for the quarter. Analysts anticipate that Fairfax Financial will post 212.3039807 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.