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

Fairfax Financial (TSE:FFH) had its price objective increased by BMO Capital Markets from C$1,650.00 to C$1,800.00 in a report released on Monday morning, BayStreet.CA reports.

FFH has been the topic of a number of other research reports. Royal Bank of Canada increased their price target on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Cormark lifted their price target on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. CIBC lifted their target price on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Scotiabank raised their price target on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a research note on Friday, April 26th. Finally, National Bankshares increased their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an outperform rating in a report on Tuesday, April 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial has a consensus rating of Buy and an average price target of C$1,820.83.

Fairfax Financial Trading Down 0.6 %

Shares of TSE:FFH opened at C$1,552.23 on Monday. The company has a market capitalization of C$34.27 billion, a PE ratio of 7.31, a PEG ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 12-month low of C$911.02 and a 12-month high of C$1,563.67. The business has a 50 day moving average of C$1,492.10 and a two-hundred day moving average of C$1,342.76. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). The firm had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$10.25 billion. Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. As a group, analysts forecast that Fairfax Financial will post 193.642409 EPS for the current year.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 439 shares of Fairfax Financial stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$1,136.00, for a total transaction of C$498,704.00. In other Fairfax Financial news, insider Andrew Barnard sold 439 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$1,136.00, for a total value of C$498,704.00. Also, Director Christine N. Mclean purchased 80 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the transaction, the director now owns 589 shares of the company’s stock, valued at C$795,138.22. In the last quarter, insiders have purchased 190 shares of company stock worth $273,877 and have sold 5,011 shares worth $6,334,563. Insiders own 3.65% 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.