Fairfax Financial (TSE:FFH) Stock Rating Raised to Outperform at ATB Cormack

Fairfax Financial (TSE:FFH) was upgraded by investment analysts at ATB Cormack from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, BayStreet reports. The brokerage presently has a C$2,850.00 price objective on the stock, up from their prior price objective of C$2,500.00. ATB Cormack‘s target price points to a potential upside of 4.51% from the company’s previous close.

FFH has been the subject of several other reports. National Bank Financial raised their target price on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Raymond James Financial reduced their price target on 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. ATB Cormark Capital Markets decreased their price objective on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating for the company in a report on Thursday, October 8th. Finally, RBC Dominion Securities increased their price objective on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,703.22.

Fairfax Financial Stock Up 9.6%

Shares of TSE:FFH traded up C$238.27 during trading on Wednesday, reaching C$2,727.13. The stock had a trading volume of 140,510 shares, compared to its average volume of 70,097. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,788.03. The company has a market capitalization of C$61.01 billion, a P/E ratio of 13.38, a PEG ratio of 0.27 and a beta of 0.34. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38. The firm’s 50-day simple moving average is C$2,310.46 and its 200 day simple moving average is C$2,314.64.

Fairfax Financial (TSE:FFH) last issued 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 net margin of 13.57% and a return on equity of 16.94%. As a group, research analysts expect that Fairfax Financial will post 212.30 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.