Scotiabank Boosts Fairfax Financial (TSE:FFH) Price Target to C$2,000.00

Fairfax Financial (TSE:FFH) had its price target lifted by Scotiabank from C$1,900.00 to C$2,000.00 in a report published on Friday, BayStreet.CA reports.

Several other equities analysts have also commented on the company. BMO Capital Markets raised their price target on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. National Bankshares raised their price target on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the stock an outperform rating in a report on Friday, January 26th. Cormark raised their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Royal Bank of Canada raised their price target on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. Finally, CIBC raised their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$1,775.00.

Fairfax Financial Stock Performance

FFH stock opened at C$1,486.20 on Friday. The company has a quick ratio of 0.93, a current ratio of 6.07 and a debt-to-equity ratio of 38.98. The business’s fifty day simple moving average is C$1,471.83 and its two-hundred day simple moving average is C$1,322.58. Fairfax Financial has a twelve month low of C$910.44 and a twelve month high of C$1,563.49. The firm has a market cap of C$32.90 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. The business had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. Analysts predict that Fairfax Financial will post 189.55125 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In related news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director Brian Johnston Porter purchased 100 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of C$1,509.40 per share, with a total value of C$150,940.00. Following the completion of the acquisition, the director now directly owns 950 shares of the company’s stock, valued at approximately C$1,433,930. Over the last quarter, insiders bought 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. Corporate insiders own 3.63% 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.