Fairfax Financial (TSE:FFH) PT Raised to C$1,800.00

Fairfax Financial (TSE:FFH) had its price target hoisted by research analysts at Cormark from C$1,600.00 to C$1,800.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Cormark’s price target indicates a potential upside of 21.15% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Scotiabank increased their price objective on Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. National Bankshares boosted their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a report on Friday, January 26th. BMO Capital Markets raised their target price on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Royal Bank of Canada boosted their target price on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, CIBC raised their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$1,758.33.

Fairfax Financial Stock Up 0.2 %

Shares of FFH stock traded up C$2.59 during trading hours on Thursday, hitting C$1,485.79. 21,875 shares of the company’s stock traded hands, compared to its average volume of 83,826. The company has a quick ratio of 0.93, a current ratio of 6.07 and a debt-to-equity ratio of 38.98. The stock has a market cap of C$32.90 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.27 and a beta of 0.86. The stock’s fifty day simple moving average is C$1,448.62 and its two-hundred day simple moving average is C$1,304.71. Fairfax Financial has a 12-month low of C$904.60 and a 12-month high of C$1,563.49.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. The firm had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. On average, analysts expect that Fairfax Financial will post 189.55125 EPS for the current year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Also, Director Christine N. Mclean acquired 80 shares of the stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the transaction, the director now directly owns 589 shares of the company’s stock, valued at C$795,138.22. In the last ninety days, insiders purchased 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. 3.63% of the stock is currently owned by corporate insiders.

About Fairfax Financial

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.