BMO Capital Markets Raises Fairfax Financial (TSE:FFH) Price Target to C$2,200.00

Fairfax Financial (TSE:FFH) had its target price upped by investment analysts at BMO Capital Markets from C$1,850.00 to C$2,200.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 20.71% from the stock’s previous close.

A number of other analysts have also recently commented on FFH. Royal Bank of Canada upped their price target on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. National Bankshares raised their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank raised their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday. Finally, Cormark increased their price target on Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday.

Fairfax Financial Stock Down 3.5 %

Shares of TSE:FFH traded down C$65.51 during midday trading on Monday, reaching C$1,822.53. The company’s stock had a trading volume of 26,819 shares, compared to its average volume of 54,450. The firm has a 50 day moving average of C$1,681.82 and a 200-day moving average of C$1,587.94. Fairfax Financial has a 12-month low of C$1,171.70 and a 12-month high of C$1,890.36. The firm has a market capitalization of C$42.48 billion, a P/E ratio of 8.15, a PEG ratio of 0.27 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The company had revenue of C$10.25 billion for the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. On average, research analysts anticipate that Fairfax Financial will post 212.3039807 earnings per share for the current year.

Insiders Place Their Bets

In other Fairfax Financial news, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. In other news, Director Brian David Young sold 4,280 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the completion of the sale, the insider now owns 202 shares of the company’s stock, valued at approximately C$316,358.26. The trade was a 0.00 % decrease in their position. In the last three months, insiders sold 6,953 shares of company stock worth $11,304,176. Corporate insiders own 3.76% of the company’s stock.

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.