Fairfax Financial (TSE:FFH) Announces Earnings Results

Fairfax Financial (TSE:FFH) posted its earnings results on Thursday. The company reported C$90.05 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$18.46 billion for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.

Fairfax Financial Trading Down 2.1%

Shares of TSE:FFH opened at C$2,360.58 on Friday. The stock has a 50 day moving average of C$2,294.44 and a 200 day moving average of C$2,322.94. The company has a market cap of C$48.68 billion, a PE ratio of 11.68, a price-to-earnings-growth 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 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Raymond James Financial upped their price target on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Royal Bank Of Canada upped their target price on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a report on Monday, April 20th. National Bank Financial increased their price target on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce set a C$2,350.00 price target on shares of Fairfax Financial and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, BMO Capital Markets cut their price objective on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$2,751.57.

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.