Fairfax Financial Holdings Limited (TSE:FFH) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Fairfax Financial Holdings has a consensus analyst rating of “Moderate Buy”, based on seven covering firms: four buy ratings and three hold ratings.
• The average 12-month price target among analysts is C$2,793.50, with recent target changes ranging from modest increases to one cut by BMO Capital Markets.
• The stock recently traded at C$2,247.48, below its 12-month high of C$2,700, while the company reported strong quarterly results with C$43.25 EPS and C$15.57 billion in revenue.

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$2,793.50.

Several research firms have recently issued reports on FFH. ATB Cormark Capital Markets lifted their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the company a "sector perform" rating in a research report on Monday, February 23rd. Raymond James Financial lifted their price objective on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an "outperform" rating in a research report on Monday, May 4th. BMO Capital Markets reduced their price objective on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. Scotiabank lifted their price objective on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an "outperform" rating in a research report on Monday, April 20th.

Fairfax Financial Price Performance

TSE FFH opened at C$2,247.48 on Friday. Fairfax Financial has a 12 month low of C$2,145.00 and a 12 month high of C$2,700.00. The stock has a market cap of C$46.35 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.27 and a beta of 0.34. The company's 50 day moving average is C$2,351.95 and its two-hundred day moving average is C$2,376.65. The company has a current ratio of 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00.

Fairfax Financial (TSE:FFH - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported C$43.25 EPS for the quarter. The company had revenue of C$15.57 billion for the quarter. Fairfax Financial had a net margin of 15.41% and a return on equity of 17.32%. As a group, research analysts anticipate that Fairfax Financial will post 212.3039807 earnings per share 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.

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