Fairfax Financial (TSE:FFH) Downgraded to “Neutral” Rating by BMO Capital Markets

BMO Capital Markets cut shares of Fairfax Financial (TSE:FFH) from an outperform rating to a neutral rating in a research note issued to investors on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has C$2,500.00 price objective on the stock, down from their prior price objective of C$2,600.00.

Several other equities research analysts have also commented on FFH. Scotiabank upped their price target on 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. 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, National Bankshares increased their target price on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$2,750.00.

Fairfax Financial Stock Down 4.7%

TSE:FFH opened at C$2,308.41 on Thursday. The company has a market cap of C$51.08 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.27 and a beta of 0.40. The firm’s 50 day moving average is C$2,476.03 and its two-hundred day moving average is C$2,417.15. 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 announced its quarterly earnings data on Thursday, November 6th. The company reported C$52.04 earnings per share (EPS) for the quarter. The company had revenue of C$17.72 billion during the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. Research analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current fiscal 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.