Fairfax Financial (TSE:FFH) Hits New 1-Year High After Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH)’s share price hit a new 52-week high during trading on Wednesday after Royal Bank Of Canada raised their price target on the stock from C$3,254.00 to C$3,335.00. Royal Bank Of Canada currently has an outperform rating on the stock. Fairfax Financial traded as high as C$2,724.70 and last traded at C$2,700.12, with a volume of 34,762 shares traded. The stock had previously closed at C$2,488.86.

Other equities research analysts also recently issued reports about the company. National Bank Financial increased their price objective on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Raymond James Financial raised their price objective on Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotia lifted their target price on Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the company a “sector outperform” rating in a research note on Thursday. ATB Cormark Capital Markets upgraded Fairfax Financial from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$2,500.00 to C$2,850.00 in a report on Wednesday. Finally, RBC Dominion Securities raised their price target on shares of 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$2,905.89.

Fairfax Financial Stock Down 0.8%

The stock has a market cap of C$60.17 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.27 and a beta of 0.44. The business has a 50-day moving average of C$2,329.39 and a 200-day moving average of C$2,316.93.

Fairfax Financial (TSE:FFH) last issued its earnings results on Tuesday, November 3rd. The company reported C$61.67 EPS for the quarter. Fairfax Financial had a return on equity of 16.00% and a net margin of 11.53%. The firm had revenue of C$17.94 billion for the quarter. Equities analysts anticipate that Fairfax Financial Holdings Limited will post 212.30 earnings per share for the current 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.