Fairfax Financial (TSE:FFH) Hits New 52-Week High – Here’s Why

Shares of Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high on Monday . The company traded as high as C$2,628.68 and last traded at C$2,610.97, with a volume of 3373 shares. The stock had previously closed at C$2,584.28.

Wall Street Analyst Weigh In

FFH has been the subject of a number of recent analyst reports. National Bankshares raised their target price on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Raymond James Financial cut their price target on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. BMO Capital Markets decreased their price objective on shares of Fairfax Financial from C$2,700.00 to C$2,600.00 in a report on Monday, November 10th. Finally, Scotiabank upped 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 research report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$2,764.29.

Fairfax Financial Price Performance

The firm has a market cap of C$58.40 billion, a PE ratio of 12.72, a PEG ratio of 0.27 and a beta of 0.35. The business has a 50-day moving average price of C$2,372.06 and a two-hundred day moving average price of C$2,402.17.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data 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 business had revenue of C$17.72 billion for the quarter. Equities analysts expect that Fairfax Financial Holdings Limited 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.