ATB Cormark Capital Markets Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH) had its price target upped by ATB Cormark Capital Markets from C$2,500.00 to C$2,600.00 in a report issued on Monday,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

Several other analysts also recently weighed in on the stock. BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd. National Bank Financial set a C$3,200.00 price target on shares of Fairfax Financial and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada set a C$2,200.00 price target on shares of Fairfax Financial and gave the company an “outperform” rating in a research report on Monday, January 26th. Raymond James Financial decreased their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Finally, Scotiabank lifted their target price on Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Fairfax Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$2,743.75.

Fairfax Financial Stock Performance

TSE:FFH opened at C$2,336.59 on Monday. Fairfax Financial has a 1 year low of C$1,836.92 and a 1 year high of C$2,700.00. The stock has a market cap of C$51.70 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.27 and a beta of 0.15. The stock has a 50-day simple moving average of C$2,436.77 and a 200-day simple moving average of C$2,395.56.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, February 19th. The company reported C$79.02 earnings per share for the quarter. The business had revenue of C$17.53 billion for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%. On average, equities research analysts predict 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.