Fairfax Financial (TSE:FFH) Given New C$3,150.00 Price Target at Raymond James Financial

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

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

Fairfax Financial Price Performance

Shares of FFH stock traded down C$33.94 during midday trading on Thursday, hitting C$2,720.63. The company had a trading volume of 64,612 shares, compared to its average volume of 70,270. The company’s 50 day simple moving average is C$2,319.96 and its 200 day simple moving average is C$2,315.56. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,788.03. The stock has a market cap of C$60.87 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.27 and a beta of 0.34.

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