Fairfax Financial Holdings Limited (TSE:FFH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Fairfax Financial Holdings Limited (TSE:FFH) has earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$2,751.57.

Several analysts recently issued reports on the stock. National Bank Financial lifted their price target on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. BMO Capital Markets lowered their price objective on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a report on Monday, May 4th. Raymond James Financial raised their price objective on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Canadian Imperial Bank of Commerce set a C$2,350.00 target price on shares of Fairfax Financial and gave the stock a “neutral” rating in a research report on Friday, June 26th.

Fairfax Financial Stock Performance

Shares of FFH opened at C$2,272.17 on Monday. The company has a debt-to-equity ratio of 54.38, a current ratio of 2.03 and a quick ratio of 0.93. The stock has a 50-day moving average of C$2,329.08 and a 200-day moving average of C$2,315.18. The company has a market cap of C$47.19 billion, a PE ratio of 11.15, a P/E/G ratio of 0.27 and a beta of 0.30. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,700.00.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%.The business had revenue of C$18.46 billion during the quarter. On average, equities research analysts predict that Fairfax Financial will post 212.3039807 EPS 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.