FY2024 EPS Estimate for Fairfax Financial Boosted by Analyst

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Free Report) - Investment analysts at Cormark lifted their FY2024 EPS estimates for Fairfax Financial in a research note issued to investors on Monday, November 4th. Cormark analyst J. Fenwick now expects that the financial services provider will post earnings of $148.49 per share for the year, up from their previous estimate of $147.84. The consensus estimate for Fairfax Financial's current full-year earnings is $149.57 per share.

Separately, Royal Bank of Canada boosted their target price on Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday.

Fairfax Financial Price Performance

FRFHF stock traded up $12.70 during trading on Tuesday, hitting $1,317.00. The company had a trading volume of 3,170 shares, compared to its average volume of 6,010. The firm has a market capitalization of $30.58 billion, a price-to-earnings ratio of 8.26 and a beta of 0.79. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $1,242.75 and a 200 day moving average of $1,168.39. Fairfax Financial has a fifty-two week low of $868.00 and a fifty-two week high of $1,356.00.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.