Fairfax Financial (TSE:FFH) Hits New 12-Month High After Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price reached a new 52-week high during trading on Tuesday after Royal Bank of Canada raised their price target on the stock from C$1,200.00 to C$1,275.00. Royal Bank of Canada currently has an outperform rating on the stock. Fairfax Financial traded as high as C$1,559.10 and last traded at C$1,562.28, with a volume of 33057 shares trading hands. The stock had previously closed at C$1,551.53.

Several other analysts have also commented on FFH. BMO Capital Markets raised their price target on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. National Bankshares lifted their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Cormark upped their price objective on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Scotiabank lifted their target price on Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. Finally, CIBC upped their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial presently has an average rating of “Buy” and a consensus target price of C$1,820.83.

Insider Transactions at Fairfax Financial

In other news, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. In other news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. In the last ninety days, insiders acquired 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. Corporate insiders own 3.65% of the company’s stock.

Fairfax Financial Price Performance

The company has a market capitalization of C$34.50 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The business has a fifty day moving average price of C$1,492.10 and a 200 day moving average price of C$1,342.76. The company has a debt-to-equity ratio of 37.45, a current ratio of 3.87 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). The company had revenue of C$9.40 billion for the quarter, compared to the consensus estimate of C$10.25 billion. Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. On average, research analysts expect that Fairfax Financial Holdings Limited will post 193.642409 earnings per share for the current fiscal year.

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.