CIBC Increases Fairfax Financial (TSE:FFH) Price Target to C$1,200.00

Fairfax Financial (TSE:FFH – Get Rating) had its target price raised by CIBC from C$1,050.00 to C$1,200.00 in a report published on Tuesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on FFH. Cormark upped their price objective on shares of Fairfax Financial from C$1,000.00 to C$1,150.00 in a research report on Tuesday, February 21st. BMO Capital Markets upgraded shares of Fairfax Financial from a market perform rating to an overweight rating and boosted their target price for the company from C$800.00 to C$1,050.00 in a report on Monday, January 30th. Scotiabank boosted their target price on shares of Fairfax Financial from C$995.00 to C$1,050.00 in a report on Wednesday, January 25th. National Bankshares upped their price objective on shares of Fairfax Financial from C$1,100.00 to C$1,200.00 and gave the stock an outperform rating in a report on Tuesday, February 7th. Finally, Royal Bank of Canada increased their price objective on shares of Fairfax Financial from C$700.00 to C$775.00 and gave the company an outperform rating in a research report on Tuesday, February 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of C$1,070.83.

Fairfax Financial Stock Performance

Shares of TSE:FFH opened at C$904.94 on Tuesday. The firm has a market cap of C$20.34 billion, a PE ratio of 15.04 and a beta of 0.93. The firm’s 50 day simple moving average is C$874.61 and its 200-day simple moving average is C$763.84. Fairfax Financial has a one year low of C$591.00 and a one year high of C$956.00. The company has a debt-to-equity ratio of 42.41, a quick ratio of 0.93 and a current ratio of 6.38.

Fairfax Financial (TSE:FFH – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The company reported C$106.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$96.61 by C$9.73. Fairfax Financial had a net margin of 4.28% and a return on equity of 6.18%. The business had revenue of C$13.20 billion for the quarter, compared to analyst estimates of C$11.12 billion. As a group, equities analysts predict that Fairfax Financial will post 137 EPS for the current year.

Fairfax Financial Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 19th were given a dividend of $13.415 per share. This represents a yield of 1.66%. This is a boost from Fairfax Financial’s previous annual dividend of $12.78. The ex-dividend date was Wednesday, January 18th. Fairfax Financial’s payout ratio is 22.24%.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Director F. Brian Bradstreet bought 1,900 shares of the stock in a transaction on Thursday, December 29th. The stock was purchased at an average price of C$18.30 per share, for a total transaction of C$34,770.00. Following the completion of the purchase, the director now directly owns 1,900 shares in the company, valued at C$34,770. 10.80% of the stock is currently owned by corporate insiders.

About Fairfax Financial

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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.