Fairfax Financial (TSE:FFH) Sets New 1-Year High at $562.05


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Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high on Tuesday . The company traded as high as C$562.05 and last traded at C$561.67, with a volume of 32340 shares changing hands. The stock had previously closed at C$551.86.

A number of research firms recently weighed in on FFH. National Bank Financial increased their price objective on Fairfax Financial from C$600.00 to C$625.00 and gave the company an “outperform” rating in a report on Monday, March 8th. BMO Capital Markets increased their price objective on Fairfax Financial from C$500.00 to C$550.00 in a report on Friday, February 12th. Royal Bank of Canada increased their price objective on Fairfax Financial from C$450.00 to C$694.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Scotiabank raised shares of Fairfax Financial from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$500.00 to C$590.00 in a research report on Tuesday, January 26th.

The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 58.57. The firm has a market cap of C$15.04 billion and a P/E ratio of 89.26. The stock’s 50-day simple moving average is C$529.50 and its 200 day simple moving average is C$455.32.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings results on Thursday, February 11th. The company reported C$42.59 EPS for the quarter, beating the Zacks’ consensus estimate of C$17.86 by C$24.73. The firm had revenue of C$8.57 billion for the quarter, compared to the consensus estimate of C$6.98 billion. On average, research analysts forecast that Fairfax Financial Holdings Limited will post 48.4929366 earnings per share for the current fiscal year.

In other news, insider Andrew Barnard sold 2,255 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of C$552.99, for a total transaction of C$1,246,989.72. Following the transaction, the insider now owns 53,381 shares of the company’s stock, valued at approximately C$29,519,094.49.

About Fairfax Financial (TSE:FFH)

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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