Fairfax Financial (TSE:FFH) Price Target Cut to C$1,950.00

Fairfax Financial (TSE:FFH) had its price target reduced by analysts at Scotiabank from C$2,000.00 to C$1,950.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 24.82% from the stock’s previous close.

A number of other brokerages also recently weighed in on FFH. Royal Bank of Canada boosted their price objective on shares of Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a research report on Monday. Cormark increased their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. CIBC upped their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. BMO Capital Markets upped their price target on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. Finally, National Bankshares lifted their price objective on shares of 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$1,820.83.

Fairfax Financial Stock Up 0.7 %

Shares of Fairfax Financial stock opened at C$1,562.28 on Monday. The firm has a market cap of C$34.50 billion, a P/E ratio of 7.36, a P/E/G ratio of 0.27 and a beta of 0.86. The business has a 50-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 quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45. Fairfax Financial has a fifty-two week low of C$910.44 and a fifty-two week high of C$1,563.49.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings data 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). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The firm had revenue of C$9.40 billion for the quarter, compared to the consensus estimate of C$10.25 billion. On average, sell-side analysts forecast that Fairfax Financial will post 193.642409 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christine N. Mclean bought 80 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price 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. In other news, Director Christine N. Mclean bought 80 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased 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 transaction, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Also, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction on 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. Over the last ninety days, insiders have acquired 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. Corporate insiders own 3.65% 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.