Fairfax Financial (TSE:FFH) PT Raised to C$1,275.00 at Royal Bank of Canada

Fairfax Financial (TSE:FFH) had its price target upped by Royal Bank of Canada from C$1,200.00 to C$1,275.00 in a research note published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. CIBC raised their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. BMO Capital Markets lifted their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. National Bankshares upped their price objective on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. Cormark raised 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. Finally, Scotiabank upped 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$1,820.83.

Fairfax Financial Stock Up 0.7 %

Shares of Fairfax Financial stock opened at C$1,562.45 on Monday. Fairfax Financial has a 1-year low of C$915.03 and a 1-year high of C$1,575.31. The company has a debt-to-equity ratio of 37.45, a current ratio of 3.87 and a quick ratio of 0.93. The company has a market capitalization of C$34.50 billion, a PE ratio of 7.36, a P/E/G ratio of 0.27 and a beta of 0.86. The business has a 50-day moving average of C$1,496.69 and a 200-day moving average of C$1,345.74.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 EPS 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 analyst estimates 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, equities analysts forecast that Fairfax Financial will post 193.642409 EPS for the current fiscal year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated 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 other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial 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. Also, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction 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. Over the last 90 days, insiders bought 190 shares of company stock valued at $273,877 and sold 5,011 shares valued at $6,334,563. Company 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.