Fairfax Financial (TSE:FFH) Stock Price Target Lowered at ATB Cormark Capital Markets

Key Points

• ATB Cormark lowered Fairfax Financial’s price target to C$2,500 from C$2,600 while maintaining a “sector perform” rating, implying 12.34% upside from the prior close.
• Analyst sentiment remains positive overall, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average target of C$2,737.29.
• Fairfax shares rose 1.2% to C$2,225.30 in Thursday trading. The company recently reported quarterly earnings of C$90.05 per share on C$18.46 billion in revenue.

Fairfax Financial (TSE:FFH - Get Free Report) had its price target dropped by stock analysts at ATB Cormark Capital Markets from C$2,600.00 to C$2,500.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. ATB Cormark Capital Markets' price target suggests a potential upside of 12.34% from the company's previous close.

A number of other equities analysts also recently commented on the company. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the company a "neutral" rating in a report on Friday, June 26th. National Bank Financial upped their price objective on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$2,737.29.

Fairfax Financial Trading Up 1.2%

Shares of TSE FFH traded up C$25.38 during trading hours on Thursday, hitting C$2,225.30. The company's stock had a trading volume of 54,052 shares, compared to its average volume of 70,891. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,700.00. The stock has a market cap of C$46.22 billion, a price-to-earnings ratio of 10.92, a P/E/G 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. The business has a 50-day simple moving average of C$2,272.82 and a 200-day simple moving average of C$2,298.98.

Fairfax Financial (TSE:FFH - Get Free Report) last released its quarterly earnings data 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 return on equity of 16.94% and a net margin of 13.57%. On average, analysts anticipate that Fairfax Financial will post 212.3039807 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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