Fairfax Financial (TSE:FFH) PT Raised to C$1,300.00

Fairfax Financial (TSE:FFH – Get Rating) had its target price increased by research analysts at National Bankshares from C$1,200.00 to C$1,300.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 44.99% from the company’s current price.

A number of other analysts have also recently weighed in on FFH. Cormark raised their price target on shares of Fairfax Financial from C$1,000.00 to C$1,150.00 in a report on Tuesday, February 21st. CIBC lifted their price target on shares of Fairfax Financial from C$1,050.00 to C$1,200.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets upgraded Fairfax Financial from a “market perform” rating to an “overweight” rating and increased their price objective for the company from C$800.00 to C$1,050.00 in a report on Monday, January 30th. Scotiabank upped their target price on Fairfax Financial from C$995.00 to C$1,050.00 in a research report on Wednesday, January 25th. Finally, Royal Bank of Canada raised their price target on Fairfax Financial from C$700.00 to C$775.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$1,087.50.

Fairfax Financial Stock Performance

Shares of FFH stock opened at C$896.61 on Wednesday. The company’s 50 day moving average is C$878.14 and its 200 day moving average is C$765.62. The company has a quick ratio of 0.93, a current ratio of 6.38 and a debt-to-equity ratio of 42.41. The firm has a market cap of C$20.16 billion, a price-to-earnings ratio of 14.90 and a beta of 0.93. Fairfax Financial has a 52-week low of C$598.16 and a 52-week high of C$956.00.

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

Insider Buying and Selling at Fairfax Financial

In other news, Director F. Brian Bradstreet bought 1,900 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 1,900 shares of the company’s stock, valued at approximately C$34,770. Company insiders own 10.80% of the company’s stock.

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.