CIBC Raises Fairfax Financial (TSE:FFH) Price Target to C$1,050.00

Fairfax Financial (TSE:FFH – Get Rating) had its target price raised by CIBC from C$950.00 to C$1,050.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Several other research analysts also recently commented on FFH. Royal Bank of Canada reduced their price objective on Fairfax Financial from C$725.00 to C$700.00 and set an outperform rating on the stock in a report on Wednesday, October 12th. Scotiabank raised their price objective on Fairfax Financial from C$910.00 to C$995.00 in a report on Monday, November 7th. BMO Capital Markets raised their price objective on Fairfax Financial from C$780.00 to C$800.00 in a report on Friday, November 4th. Finally, Cormark raised their price objective on Fairfax Financial from C$900.00 to C$1,000.00 in a report on Friday, January 13th.

Fairfax Financial Trading Up 2.0 %

Shares of TSE FFH opened at C$841.03 on Tuesday. The company has a debt-to-equity ratio of 45.00, a quick ratio of 0.93 and a current ratio of 1.80. The business’s 50 day moving average price is C$793.96 and its 200-day moving average price is C$709.08. Fairfax Financial has a fifty-two week low of C$569.62 and a fifty-two week high of C$843.00. The company has a market cap of C$19.72 billion and a price-to-earnings ratio of 35.53.

Fairfax Financial (TSE:FFH – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported C($4.76) earnings per share for the quarter, topping the consensus estimate of C($35.96) by C$31.20. The business had revenue of C$8.93 billion during the quarter, compared to analysts’ expectations of C$8.50 billion. On average, sell-side analysts expect that Fairfax Financial will post 115.4199993 earnings per share for the current year.

Fairfax Financial Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 19th will be given a dividend of $13.415 per share. This represents a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, January 18th. This is a boost from Fairfax Financial’s previous annual dividend of $12.78. Fairfax Financial’s dividend payout ratio (DPR) is 42.25%.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Senior Officer Jean Cloutier sold 75 shares of the stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of C$782.61, for a total transaction of C$58,695.75. Following the sale, the insider now owns 1,344 shares of the company’s stock, valued at approximately C$1,051,827.84. In other Fairfax Financial news, Director F. Brian Bradstreet acquired 1,900 shares of the stock in a transaction dated Thursday, December 29th. The stock was purchased at an average price of C$18.30 per share, with a total value of C$34,770.00. Following the transaction, the director now directly owns 1,900 shares of the company’s stock, valued at C$34,770. Also, Senior Officer Jean Cloutier sold 75 shares of the firm’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of C$782.61, for a total value of C$58,695.75. Following the completion of the sale, the insider now directly owns 1,344 shares of the company’s stock, valued at approximately C$1,051,827.84.

Fairfax Financial Company Profile

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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.