Fairfax Financial (TSE:FFH) Sets New 52-Week High – Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH)’s share price hit a new 52-week high on Friday. The stock traded as high as C$2,771.71 and last traded at C$2,755.21, with a volume of 31,641 shares trading hands. The stock had previously closed at C$2,751.79.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FFH. Royal Bank Of Canada boosted their target price on shares of Fairfax Financial from C$3,254.00 to C$3,335.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. National Bank Financial upped their price target on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. RBC Dominion Securities increased their price objective 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. Scotia raised their price objective on shares of Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 5th. Finally, Raymond James Financial boosted their target price on shares of Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the stock an “outperform” rating in a research note on Thursday, November 5th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Fairfax Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$2,905.89.

Fairfax Financial Price Performance

The stock has a market capitalization of C$61.64 billion, a P/E ratio of 14.12, a PEG ratio of 0.27 and a beta of 0.44. The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 55.13. The company has a fifty day simple moving average of C$2,374.85 and a two-hundred day simple moving average of C$2,326.61.

Fairfax Financial (TSE:FFH) last issued its earnings results on Tuesday, November 3rd. The company reported C$61.67 earnings per share (EPS) for the quarter. The company had revenue of C$17.94 billion for the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 15.98%. Sell-side analysts expect that Fairfax Financial Holdings Limited 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.