Fairfax Financial (TSE:FFH) Stock Price Target Raised at Raymond James Financial

Fairfax Financial (TSE:FFH) had its price objective boosted by equities researchers at Raymond James Financial from C$2,900.00 to C$3,150.00 in a research note issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s target price would indicate a potential upside of 15.78% from the company’s current price.

FFH has been the subject of several other reports. National Bank Financial raised their price objective on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. RBC Dominion Securities boosted their target price on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. ATB Cormark Capital Markets upgraded Fairfax Financial from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$2,500.00 to C$2,850.00 in a research report on Wednesday. Finally, Scotia upped their target price on Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the company a “sector outperform” rating in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$2,905.89.

Fairfax Financial Stock Performance

FFH traded down C$33.94 on Thursday, hitting C$2,720.63. 64,612 shares of the company were exchanged, compared to its average volume of 70,270. The business’s fifty day moving average is C$2,319.96 and its 200 day moving average is C$2,315.56. Fairfax Financial has a fifty-two week low of C$2,066.16 and a fifty-two week high of C$2,788.03. The firm has a market capitalization of C$60.87 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.27 and a beta of 0.34.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported C$61.67 earnings per share (EPS) for the quarter. The company had revenue of C$17.94 billion during the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. Analysts forecast that Fairfax Financial will post 212.30 EPS 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.