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

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$2,751.57.

A number of research analysts have commented on FFH shares. Canadian Imperial Bank of Commerce set a C$2,350.00 price target on shares of Fairfax Financial and gave the company a “neutral” rating in a research report on Friday, June 26th. National Bank Financial boosted their price objective on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a report on Monday, July 27th.

Fairfax Financial Trading Up 0.7%

Shares of Fairfax Financial stock opened at C$2,220.53 on Friday. The company’s 50-day moving average price is C$2,318.51 and its 200-day moving average price is C$2,309.50. The company has a market cap of C$46.12 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.27 and a beta of 0.31. Fairfax Financial has a 12-month low of C$2,066.16 and a 12-month high of C$2,700.00. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38.

Fairfax Financial (TSE:FFH) last posted 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 analysts expect that Fairfax Financial will post 212.3039807 earnings per share 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.