Fairfax Financial (TSE:FFH) Stock Price Target Raised at RBC Dominion Securities

Fairfax Financial (TSE:FFH) had its price objective increased by equities researchers at RBC Dominion Securities from C$2,223.00 to C$2,318.00 in a research report issued on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. RBC Dominion Securities‘s price target points to a potential downside of 6.64% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Raymond James Financial dropped their price target on Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. ATB Cormark Capital Markets reduced their price objective on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on Fairfax Financial and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, National Bank Financial boosted their price objective on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Fairfax Financial has a consensus rating of “Moderate Buy” and an average price target of C$2,666.12.

Fairfax Financial Price Performance

TSE FFH traded down C$32.33 during trading hours on Friday, hitting C$2,482.96. 26,820 shares of the company’s stock traded hands, compared to its average volume of 70,267. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,700.00. The company has a market capitalization of C$55.55 billion, a PE ratio of 12.19, a PEG ratio of 0.27 and a beta of 0.34. 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 firm’s 50-day moving average is C$2,275.65 and its 200-day moving average is C$2,300.08.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The company had revenue of C$18.46 billion during the quarter. Equities analysts forecast that Fairfax Financial will post 212.30 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.