Scotiabank Cuts Fairfax Financial (TSE:FFH) Price Target to C$1,950.00

Fairfax Financial (TSE:FFH) had its target price lowered by Scotiabank from C$2,000.00 to C$1,950.00 in a report released on Monday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Cormark increased their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. BMO Capital Markets lifted their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. Royal Bank of Canada increased their target price on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an outperform rating in a research report on Monday. CIBC lifted their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Finally, National Bankshares increased their price objective on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial currently has an average rating of Buy and an average target price of C$1,820.83.

Fairfax Financial Stock Down 0.6 %

Fairfax Financial stock opened at C$1,552.23 on Monday. The firm has a market capitalization of C$34.27 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.27 and a beta of 0.86. The stock’s fifty day simple moving average is C$1,492.10 and its 200-day simple moving average is C$1,342.76. Fairfax Financial has a twelve month low of C$911.02 and a twelve month high of C$1,563.67. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. The company had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. As a group, equities analysts expect that Fairfax Financial will post 193.642409 earnings per share for the current fiscal year.

Insider Activity at Fairfax Financial

In other news, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. In related news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. In the last ninety days, insiders have bought 190 shares of company stock valued at $273,877 and have sold 5,011 shares valued at $6,334,563. Corporate insiders own 3.65% of the company’s stock.

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.