Fairfax Financial (TSE:FFH) Price Target Raised to C$2,000.00 at Scotiabank

Fairfax Financial (TSE:FFH) had its target price raised by Scotiabank from C$1,900.00 to C$2,000.00 in a research report released on Friday, BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. CIBC increased 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. National Bankshares increased their price target on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the stock an outperform rating in a research report on Friday, January 26th. Royal Bank of Canada increased their price target on shares of 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. BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. Finally, Cormark upped their price objective on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of C$1,775.00.

Fairfax Financial Stock Down 0.0 %

Fairfax Financial stock opened at C$1,486.20 on Friday. The firm has a market cap of C$32.90 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. Fairfax Financial has a fifty-two week low of C$910.44 and a fifty-two week high of C$1,563.49. The firm has a fifty day moving average price of C$1,471.83 and a two-hundred day moving average price of C$1,319.95.

Fairfax Financial (TSE:FFH) last released 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 firm had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. As a group, analysts forecast that Fairfax Financial will post 189.55125 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Christine N. Mclean purchased 80 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the purchase, the director now directly owns 589 shares of the company’s stock, valued at C$795,138.22. In other news, Director Eric Salsberg sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$1,485.00, for a total transaction of C$1,485,000.00. Also, Director Christine N. Mclean acquired 80 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the acquisition, the director now directly owns 589 shares of the company’s stock, valued at C$795,138.22. Over the last ninety days, insiders have bought 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. Insiders own 3.63% 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.