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

Fairfax Financial (TSE:FFH) had its price target upped by research analysts at BMO Capital Markets from C$1,650.00 to C$1,800.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 16.62% from the stock’s previous close.

FFH has been the subject of a number of other research reports. Scotiabank increased their target price on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. National Bankshares increased their price objective on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Cormark lifted their target price on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. 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. Finally, Royal Bank of Canada boosted their price objective 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$1,820.83.

Fairfax Financial Trading Up 0.0 %

Shares of TSE:FFH traded up C$0.11 during midday trading on Monday, reaching C$1,543.44. The company had a trading volume of 17,305 shares, compared to its average volume of 77,980. The company has a fifty day simple moving average of C$1,486.60 and a two-hundred day simple moving average of C$1,336.28. The firm has a market cap of C$34.08 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 1-year low of C$910.44 and a 1-year high of C$1,563.49. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The firm had revenue of C$9.40 billion during the quarter, compared to analyst estimates of C$10.25 billion. Research analysts predict that Fairfax Financial will post 193.642409 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In related news, Director Brian Johnston Porter bought 100 shares of Fairfax Financial stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the completion of the purchase, the director now owns 950 shares in the company, valued at C$1,433,930. Also, 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 value of C$2,882,388.96. In the last three months, insiders bought 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. 3.65% of the stock is owned by insiders.

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.