Fairfax Financial (TSE:FFH) Given New C$1,800.00 Price Target at BMO Capital Markets

Fairfax Financial (TSE:FFH) had its price objective raised by stock analysts at BMO Capital Markets from C$1,650.00 to C$1,800.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 15.22% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada raised their price target on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Cormark raised their target price on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. CIBC upped their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Scotiabank boosted their target price on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. Finally, National Bankshares upped their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$1,820.83.

Fairfax Financial Price Performance

Shares of TSE:FFH opened at C$1,562.28 on Monday. The business has a fifty day simple moving average of C$1,492.10 and a 200 day simple moving average of C$1,342.76. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45. Fairfax Financial has a 1 year low of C$910.44 and a 1 year high of C$1,563.49. The firm has a market cap of C$34.50 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The firm had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. As a group, sell-side analysts predict that Fairfax Financial will post 193.642409 earnings per share for the current fiscal year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Director Christine N. Mclean purchased 80 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the acquisition, the director now directly owns 589 shares in the company, valued at C$795,138.22. In related news, Director Christine N. Mclean purchased 80 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the transaction, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Also, Director Eric Salsberg sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of C$1,485.00, for a total transaction of C$1,485,000.00. In the last 90 days, insiders acquired 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. 3.65% of the stock is owned by corporate 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.