Fairfax Financial (FFH), the Financial sector company, was revisited by a Wall Street analyst today. BMO Capital’s analyst Tom Mackinnon reiterates their Hold rating on the shares, with a C$680 price target.
According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 4.9% and a 58.7% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Sun Life Financial, and IGM Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fairfax Financial with a C$718.33 average price target.
Based on Fairfax Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$139 million. In comparison, last year the company had a net profit of C$1.11 billion.
Fairfax Financial Holdings Ltd. engages in the provision of property and casualty insurance, and reinsurance and investment management. It operates through the following segments: Insurance and Reinsurance, Runoff and Other.
The company’s shares closed on Friday at C$650.01.
