Fairfax Financial (TSE:FFH) Given a C$2,350.00 Price Target at Canadian Imperial Bank of Commerce

Fairfax Financial (TSE:FFH) has been given a C$2,350.00 price target by analysts at Canadian Imperial Bank of Commerce in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 1.34% from the company’s current price.

Other equities research analysts have also issued reports about the stock. National Bank Financial raised their price objective on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday, April 29th. Royal Bank Of Canada increased 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 report on Monday, April 20th. BMO Capital Markets dropped their price target on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Finally, Raymond James Financial boosted their price target on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fairfax Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$2,730.14.

Fairfax Financial Stock Down 0.9%

Shares of TSE:FFH traded down C$21.67 during trading on Friday, hitting C$2,319.00. 13,981 shares of the company’s stock traded hands, compared to its average volume of 81,604. The company has a current ratio of 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00. The company has a 50-day moving average price of C$2,273.45 and a 200-day moving average price of C$2,355.24. Fairfax Financial has a 52 week low of C$2,066.16 and a 52 week high of C$2,700.00. The company has a market cap of C$47.83 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.27 and a beta of 0.36.

Fairfax Financial (TSE:FFH) last posted its earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share (EPS) for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.The business had revenue of C$15.57 billion during the quarter. As a group, research analysts forecast 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.