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

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$2,764.29.

FFH has been the topic of a number of recent analyst reports. Scotiabank upped their price target on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. BMO Capital Markets cut their price objective on Fairfax Financial from C$2,700.00 to C$2,600.00 in a report on Monday, November 10th. Raymond James Financial reduced their price objective on Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Finally, National Bankshares upped their target price on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a research report on Monday, October 27th.

Fairfax Financial Price Performance

Shares of FFH stock opened at C$2,575.21 on Friday. The stock’s fifty day moving average price is C$2,424.95 and its 200 day moving average price is C$2,414.33. Fairfax Financial has a 1-year low of C$1,836.92 and a 1-year high of C$2,700.00. The company has a market cap of C$56.98 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.27 and a beta of 0.40.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The business had revenue of C$17.72 billion during the quarter. As a group, equities research analysts anticipate that Fairfax Financial will post 212.3039807 earnings per share for the current 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.