Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,743.75 Average Target Price from Brokerages

Fairfax Financial Holdings Limited (TSE:FFH) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$2,743.75.

Several analysts have commented on the stock. Scotiabank increased their price target on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. National Bank Financial set a C$3,200.00 price objective on shares of Fairfax Financial and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. BMO Capital Markets cut shares of Fairfax Financial from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada set a C$2,200.00 target price on shares of Fairfax Financial and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, ATB Cormark Capital Markets upped their price target on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd.

Fairfax Financial Trading Up 0.5%

FFH opened at C$2,383.93 on Friday. The firm has a market cap of C$51.13 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.27 and a beta of 0.39. Fairfax Financial has a 12 month low of C$1,836.92 and a 12 month high of C$2,700.00. The stock has a fifty day moving average price of C$2,341.33 and a 200-day moving average price of C$2,387.96.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$79.02 earnings per share for the quarter. Fairfax Financial had a return on equity of 18.62% and a net margin of 15.70%.The company had revenue of C$17.53 billion for the quarter. On average, equities research analysts forecast that Fairfax Financial will post 212.3039807 EPS 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.