Fairfax Financial (TSE:FFH) Reaches New 52-Week High at $1,116.79

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price hit a new 52-week high on Monday . The company traded as high as C$1,116.79 and last traded at C$1,116.79, with a volume of 736 shares traded. The stock had previously closed at C$1,108.01.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. National Bankshares increased their price target on shares of Fairfax Financial from C$1,600.00 to C$1,700.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Royal Bank of Canada increased their price target on shares of Fairfax Financial from C$875.00 to C$980.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. CIBC lifted their target price on shares of Fairfax Financial from C$1,300.00 to C$1,400.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Cormark lifted their target price on shares of Fairfax Financial from C$1,150.00 to C$1,400.00 in a report on Monday, June 12th. Finally, Scotiabank lifted their target price on shares of Fairfax Financial from C$1,350.00 to C$1,500.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Fairfax Financial has an average rating of “Buy” and an average target price of C$1,367.50.

Fairfax Financial Trading Up 0.5 %

The stock has a market cap of C$25.99 billion, a PE ratio of 8.17, a P/E/G ratio of 0.27 and a beta of 0.91. The business’s fifty day moving average is C$1,066.82 and its 200 day moving average is C$982.91. The company has a quick ratio of 0.93, a current ratio of 3.66 and a debt-to-equity ratio of 35.80.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, August 3rd. The company reported C$38.68 EPS for the quarter, missing analysts’ consensus estimates of C$41.60 by C($2.92). The company had revenue of C$8.94 billion for the quarter. Fairfax Financial had a return on equity of 12.49% and a net margin of 8.39%. As a group, analysts predict that Fairfax Financial Holdings Limited will post 166.0461997 earnings per share for the current year.

Insider Buying and Selling

In other Fairfax Financial news, insider Andrew Barnard sold 200 shares of Fairfax Financial stock in a transaction dated Friday, August 25th. The shares were sold at an average price of C$845.00, for a total transaction of C$169,000.00. 3.61% of the stock is owned by insiders.

Fairfax Financial Company Profile

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.