National Bankshares Raises Fairfax Financial (TSE:FFH) Price Target to C$2,100.00

Fairfax Financial (TSE:FFH) had its target price boosted by analysts at National Bankshares from C$2,000.00 to C$2,100.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 37.40% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Cormark upped their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price target 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 report on Tuesday, February 20th. CIBC boosted their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Scotiabank boosted their price target on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. Finally, BMO Capital Markets boosted their price target on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$1,791.67.

Fairfax Financial Stock Performance

TSE FFH opened at C$1,528.34 on Tuesday. The stock has a market cap of C$33.84 billion, a P/E ratio of 6.52, a PEG ratio of 0.27 and a beta of 0.86. The company’s 50-day simple moving average is C$1,480.85 and its 200 day simple moving average is C$1,329.13. Fairfax Financial has a twelve month low of C$910.44 and a twelve month high of C$1,563.49. The company has a quick ratio of 0.93, a current ratio of 6.07 and a debt-to-equity ratio of 38.98.

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

Insider Transactions at Fairfax Financial

In other news, insider Andrew Barnard sold 2,572 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In related news, Director F. Brian Bradstreet sold 1,000 shares of the 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 value of C$1,468,470.00. Also, insider Andrew Barnard sold 2,572 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Over the last three months, insiders have purchased 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. 3.63% of the stock is owned by company insiders.

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.