Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, Scotia Analyst Says

Fairfax Financial (TSE:FFH) had its price target boosted by investment analysts at Scotia from C$2,950.00 to C$3,000.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia‘s price target suggests a potential upside of 12.23% from the company’s current price.

Other research analysts have also issued reports about the company. Raymond James Financial reduced their price target on Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. ATB Cormark Capital Markets upgraded Fairfax Financial from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$2,500.00 to C$2,850.00 in a report on Wednesday. National Bank Financial raised their target price on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Finally, RBC Dominion Securities upped their price target on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Fairfax Financial has a consensus rating of “Moderate Buy” and an average price target of C$2,905.89.

Fairfax Financial Price Performance

Shares of FFH traded down C$37.13 during mid-day trading on Thursday, hitting C$2,673.14. 56,702 shares of the company traded hands, compared to its average volume of 70,355. The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 55.48. The stock has a market capitalization of C$59.80 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.27 and a beta of 0.44. The business has a 50-day moving average of C$2,337.24 and a 200 day moving average of C$2,318.26. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,788.03.

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