Fairfax Financial (TSE:FFH) Upgraded at ATB Cormark Capital Markets

Fairfax Financial (TSE:FFH) was upgraded by equities researchers at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a C$2,850.00 target price on the stock, up from their prior target price of C$2,500.00. ATB Cormark Capital Markets‘s target price suggests a potential upside of 3.46% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. National Bank Financial increased their price target on 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. RBC Dominion Securities lifted their price objective 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. Finally, Raymond James Financial reduced their price objective on Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$2,728.62.

Fairfax Financial Stock Up 10.7%

Shares of Fairfax Financial stock opened at C$2,754.57 on Wednesday. Fairfax Financial has a twelve month low of C$2,066.16 and a twelve month high of C$2,788.03. The company’s 50 day moving average is C$2,319.96 and its 200 day moving average is C$2,315.56. The company has a market cap of C$61.63 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.27 and a beta of 0.34.

Fairfax Financial (TSE:FFH) last posted its earnings results on Tuesday, November 3rd. The company reported C$61.67 EPS for the quarter. The business had revenue of C$17.94 billion during the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. Sell-side analysts expect that Fairfax Financial 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.