Fairfax Financial (TSE:FFH) Price Target Raised to C$3,050.00

Key Points

• Raymond James raised its target price on Fairfax Financial to C$3,050 (from C$3,000) and maintained an "outperform" rating, implying about a 36.94% upside from the current share price.
• Analyst consensus is a "Moderate Buy" with a consensus target of C$2,780.14; four analysts rate Buy and three rate Hold, while individual targets range from BMO's C$2,400 to National Bank's C$3,300.
• Shares traded around C$2,227.32 midday; Fairfax has a market cap of C$47.77 billion, a PE of 11.02, and reported quarterly EPS of C$43.25 with a 17.32% ROE, indicating solid profitability.

Fairfax Financial (TSE:FFH - Get Free Report) had its target price increased by investment analysts at Raymond James Financial from C$3,000.00 to C$3,050.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price objective points to a potential upside of 36.94% from the stock's current price.

Several other brokerages also recently weighed in on FFH. BMO Capital Markets cut their price target on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday. Royal Bank Of Canada increased their price target on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an "outperform" rating in a research report on Monday, April 20th. National Bank Financial increased their price target on Fairfax Financial from C$3,200.00 to C$3,300.00 in a research report on Wednesday, April 29th. Scotiabank increased their price target on Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. Finally, ATB Cormark Capital Markets increased their price target on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a "sector perform" rating in a research report on Monday, February 23rd. Four equities research 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.com, the company presently 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 mid-day trading on Monday, hitting C$2,227.32. The stock had a trading volume of 53,862 shares, compared to its average volume of 86,579. The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65. The company has a 50 day moving average of C$2,358.22 and a two-hundred day moving average of C$2,379.60. Fairfax Financial has a twelve month low of C$2,145.00 and a twelve month high of C$2,700.00. The firm has a market cap of C$47.77 billion, a PE ratio of 11.02, a PEG ratio of 0.27 and a beta of 0.33.

Fairfax Financial (TSE:FFH - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share for the quarter. The company 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%. Research analysts predict that Fairfax Financial will post 212.3039807 EPS 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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