Fairfax Financial (TSE:FFH) Hits New 12-Month High – Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$2,628.68 and last traded at C$2,610.97, with a volume of 3373 shares traded. The stock had previously closed at C$2,584.28.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bankshares increased their price objective on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a report on Monday, October 27th. BMO Capital Markets reduced their price target on shares of Fairfax Financial from C$2,700.00 to C$2,600.00 in a research report on Monday, November 10th. Raymond James Financial decreased their price target on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Finally, Scotiabank lifted their price objective 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. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Fairfax Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$2,764.29.

Fairfax Financial Stock Performance

The stock has a market capitalization of C$58.40 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.27 and a beta of 0.35. The business’s 50-day moving average is C$2,372.06 and its two-hundred day moving average is C$2,402.17.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, November 6th. The company reported C$52.04 EPS for the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. The company had revenue of C$17.72 billion during the quarter. Equities analysts forecast that Fairfax Financial Holdings Limited will post 212.3039807 EPS 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.