Fairfax Financial (TSE:FFH) Posts Earnings Results

Fairfax Financial (TSE:FFH) issued its quarterly earnings results on Thursday. The company reported C$43.25 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$15.57 billion during the quarter. Fairfax Financial had a net margin of 15.70% and a return on equity of 18.62%.

Fairfax Financial Trading Up 0.2%

Fairfax Financial stock traded up C$4.26 during mid-day trading on Thursday, reaching C$2,350.67. The company’s stock had a trading volume of 64,439 shares, compared to its average volume of 85,995. The firm has a market cap of C$50.42 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.27 and a beta of 0.33. The business has a 50 day moving average price of C$2,357.73 and a 200-day moving average price of C$2,381.15. Fairfax Financial has a twelve month low of C$2,132.00 and a twelve month high of C$2,700.00.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FFH. Royal Bank Of Canada lifted their price target on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. BMO Capital Markets lowered shares of Fairfax Financial from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$2,600.00 to C$2,500.00 in a research note on Thursday, January 22nd. National Bank Financial lifted their price objective on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday. ATB Cormark Capital Markets lifted their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Finally, Scotiabank lifted their price objective on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$2,763.88.

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.