Fairfax Financial (TSE:FFH) Reaches New 12-Month High - What's Next?

Key Points

• Fairfax Financial hit a 52-week high, reaching C$2,724.70 intraday and last trading at C$2,700.12, up from its prior close of C$2,488.86.
• Analysts maintain a “Moderate Buy” consensus—four Buy and three Hold ratings—with an average target of C$2,684.88, slightly below the latest trading price.
• The company reported quarterly EPS of C$61.67 on C$17.94 billion in revenue; analysts expect full-year EPS of C$212.30.

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$2,724.70 and last traded at C$2,700.12, with a volume of 34,762 shares. The stock had previously closed at C$2,488.86.

Analyst Ratings Changes

A number of equities analysts recently commented on FFH shares. ATB Cormark Capital Markets reduced their price objective on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 8th. RBC Dominion Securities lifted their price target 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. Raymond James Financial lowered their price target on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an "outperform" rating on the stock in a research report on Friday, October 16th. Finally, National Bank Financial upped their price objective on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an "outperform" rating in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$2,684.88.

Fairfax Financial Price Performance

The stock's 50-day simple moving average is C$2,310.46 and its 200 day simple moving average is C$2,314.64. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 54.38. The company has a market cap of C$61.48 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.27 and a beta of 0.34.

Fairfax Financial (TSE:FFH - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported C$61.67 earnings per share (EPS) for the quarter. The firm had revenue of C$17.94 billion for the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%. On average, equities research analysts anticipate that Fairfax Financial Holdings Limited will post 212.30 EPS for the current fiscal 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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