Fairfax Financial (TSE:FFH) had its target price hoisted by Royal Bank of Canada from C$450.00 to C$694.00 in a research note issued to investors on Wednesday morning, PriceTargets.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

FFH has been the subject of a number of other research reports. Scotiabank upgraded shares of Fairfax Financial from a sector perform rating to an outperform rating and lifted their price objective for the company from C$500.00 to C$590.00 in a report on Tuesday, January 26th. BMO Capital Markets lifted their price objective on shares of Fairfax Financial from C$500.00 to C$550.00 in a report on Friday, February 12th. Finally, National Bank Financial boosted their price target on shares of Fairfax Financial from C$600.00 to C$625.00 and gave the company an outperform rating in a report on Monday, March 8th.

Shares of FFH opened at C$561.46 on Wednesday. Fairfax Financial has a 1-year low of C$319.37 and a 1-year high of C$566.00. The company has a 50-day moving average of C$529.50 and a 200 day moving average of C$455.32. The firm has a market capitalization of C$15.04 billion and a price-to-earnings ratio of 89.26. The company has a debt-to-equity ratio of 58.57, a current ratio of 1.25 and a quick ratio of 0.80.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings data on Thursday, February 11th. The company reported C$42.59 earnings per share for the quarter, beating analysts’ consensus estimates of C$17.86 by C$24.73. The company had revenue of C$8.57 billion for the quarter, compared to the consensus estimate of C$6.98 billion. On average, equities analysts anticipate that Fairfax Financial will post 48.4929366 earnings per share for the current fiscal year.

In other news, insider Andrew Barnard sold 2,255 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of C$552.99, for a total value of C$1,246,989.72. Following the completion of the sale, the insider now owns 53,381 shares in the company, valued at approximately C$29,519,094.49.

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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