Fairfax Financial (TSE:FFH) Given New C$3,600.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised Fairfax Financial’s price target to C$3,600 from C$3,450 and maintained an “outperform” rating, implying 46.36% upside from the current price.
• Analyst sentiment is generally positive: Fairfax has a consensus “Moderate Buy” rating from seven analysts, with a consensus price target of C$2,684.88.
• Shares traded near C$2,459.61, while the company reported C$90.05 in quarterly EPS and C$18.46 billion in revenue; Fairfax’s market capitalization is approximately C$55.03 billion.

Fairfax Financial (TSE:FFH - Get Free Report) had its price objective upped by stock analysts at National Bank Financial from C$3,450.00 to C$3,600.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's target price indicates a potential upside of 46.36% from the stock's current price.

A number of other equities analysts have also recently issued reports on the company. RBC Dominion Securities upped their target price on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an "outperform" rating in a report on Friday, October 23rd. ATB Cormark Capital Markets dropped their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a "sector perform" rating for the company in a report on Thursday, October 8th. Finally, Raymond James Financial dropped their price objective on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an "outperform" rating for the company in a report on Friday, October 16th. Four analysts have rated the stock with a Buy rating and three 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 a consensus price target of C$2,684.88.

Fairfax Financial Price Performance

Shares of TSE FFH traded down C$10.17 during midday trading on Wednesday, reaching C$2,459.61. 25,459 shares of the company were exchanged, compared to its average volume of 69,831. The stock's 50-day moving average price is C$2,287.24 and its 200-day moving average price is C$2,317.01. The stock has a market cap of C$55.03 billion, a P/E ratio of 12.07, a PEG ratio of 0.27 and a beta of 0.34. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,700.00. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 54.38.

Fairfax Financial (TSE:FFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. The company had revenue of C$18.46 billion during the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%. On average, sell-side analysts anticipate that Fairfax Financial will post 212.30 earnings per share for the current fiscal 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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