Fairfax Financial (TSE:FFH) Sets New 12-Month High – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFHGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2,700.00 and last traded at C$2,617.56, with a volume of 10706 shares trading hands. The stock had previously closed at C$2,605.84.

Analyst Ratings Changes

Several equities analysts have recently commented on FFH shares. Scotiabank boosted their price objective on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Raymond James Financial lowered their price target on Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. BMO Capital Markets cut 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, National Bankshares lifted their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$2,764.29.

Check Out Our Latest Stock Analysis on FFH

Fairfax Financial Price Performance

The company’s fifty day moving average price is C$2,403.79 and its 200-day moving average price is C$2,410.32. The stock has a market cap of C$58.16 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.27 and a beta of 0.40.

Fairfax Financial (TSE:FFHGet Free Report) last released its earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share (EPS) for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The firm had revenue of C$17.72 billion for the quarter. On average, sell-side analysts forecast that Fairfax Financial Holdings Limited will post 212.3039807 earnings per share for the current fiscal year.

Fairfax Financial Company Profile

(Get Free Report)

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

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