Fairfax Financial (TSE:FFH) Price Target Lowered to C$2,400.00 at BMO Capital Markets

Key Points

• BMO Capital Markets lowered its price target on Fairfax from C$2,550 to C$2,400, implying roughly a 7.75% upside from the stock's previous close.
• Several other analysts raised their targets (RBC, Scotiabank, National Bank Financial, ATB Cormark), and the stock has a consensus rating of Moderate Buy with a consensus price target of C$2,780.14.
• Fairfax shares traded at C$2,227.32 midday with a market cap of C$47.77B; the company reported strong quarterly results (EPS C$43.25, revenue C$15.57B) and trades at a P/E of 11.02.

Fairfax Financial (TSE:FFH - Get Free Report) had its price objective lowered by equities research analysts at BMO Capital Markets from C$2,550.00 to C$2,400.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 7.75% from the stock's previous close.

A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada upped their target price on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Scotiabank upped their target price on Fairfax Financial from C$3,050.00 to C$3,150.00 in a research note on Friday, January 30th. National Bank Financial upped their target price on Fairfax Financial from C$3,200.00 to C$3,300.00 in a research note on Wednesday, April 29th. Finally, ATB Cormark Capital Markets upped their target price on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a "sector perform" rating in a research note on Monday, February 23rd. Four research 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$2,780.14.

Fairfax Financial Stock Performance

Shares of TSE:FFH traded up C$57.04 during midday trading on Monday, reaching C$2,227.32. 53,862 shares of the company traded hands, compared to its average volume of 86,579. The firm has a market capitalization of C$47.77 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.27 and a beta of 0.33. The company has a quick ratio of 0.93, a current ratio of 2.65 and a debt-to-equity ratio of 54.00. The firm's fifty day moving average price is C$2,358.22 and its two-hundred day moving average price is C$2,379.60. Fairfax Financial has a 12 month low of C$2,145.00 and a 12 month high of C$2,700.00.

Fairfax Financial (TSE:FFH - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share for the quarter. The business had revenue of C$15.57 billion for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%. On average, equities analysts expect 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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