Fairfax Financial (TSE:FFH) Given New C$2,900.00 Price Target at Raymond James Financial

Key Points

• Raymond James lowered Fairfax Financial’s price target to C$2,900 from C$3,000 while maintaining an “outperform” rating, implying approximately 20.5% upside from the current share price.
• Analyst sentiment remains positive overall, with five Buy ratings and three Hold ratings, producing a “Moderate Buy” consensus and an average price target of C$2,654.25.
• Fairfax shares were largely unchanged at C$2,406.82, while the company reported quarterly earnings of C$90.05 per share on C$18.46 billion in revenue and analysts expect full-year EPS of C$212.30.

Fairfax Financial (TSE:FFH - Get Free Report) had its price objective dropped by stock analysts at Raymond James Financial from C$3,000.00 to C$2,900.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price suggests a potential upside of 20.49% from the company's current price.

A number of other equities research analysts also recently weighed in on the stock. RBC Dominion Securities lowered their price objective on shares of Fairfax Financial from C$2,316.00 to C$2,223.00 and set an "outperform" rating for the company in a research report on Thursday. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on shares of Fairfax Financial and gave the company a "neutral" rating in a research note on Friday, June 26th. ATB Cormark Capital Markets lowered their price target on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 8th. Finally, National Bank Financial raised their price objective on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Fairfax Financial presently has an average rating of "Moderate Buy" and an average target price of C$2,654.25.

Fairfax Financial Stock Down 0.0%

Shares of TSE:FFH traded down C$0.31 during trading on Friday, hitting C$2,406.82. The company's stock had a trading volume of 44,414 shares, compared to its average volume of 70,504. The stock's 50-day moving average price is C$2,262.00 and its two-hundred day moving average price is C$2,296.31. Fairfax Financial has a fifty-two week low of C$2,066.16 and a fifty-two week high of C$2,700.00. The company has a market capitalization of C$53.85 billion, a PE ratio of 11.81, a PEG ratio of 0.27 and a beta of 0.34. The company has a debt-to-equity ratio of 54.38, a quick ratio of 0.93 and a current ratio of 2.03.

Fairfax Financial (TSE:FFH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share for the quarter. The business had revenue of C$18.46 billion during the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. As a group, sell-side analysts expect 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.

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