Fairfax Financial (TSE:FFH) Given New C$1,950.00 Price Target at Scotiabank

Fairfax Financial (TSE:FFH) had its price target reduced by equities research 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 objective would indicate a potential upside of 24.82% from the company’s current price.

FFH has been the subject of a number of other reports. BMO Capital Markets raised their price target on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. National Bankshares boosted their target price on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. CIBC increased their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Royal Bank of Canada upped their target price on shares of Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a report on Monday. Finally, Cormark raised their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial presently has a consensus rating of “Buy” and an average price target of C$1,820.83.

Fairfax Financial Stock Up 0.7 %

FFH stock opened at C$1,562.28 on Monday. The business has a 50-day moving average of C$1,492.10 and a 200-day moving average 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. The stock has a market capitalization 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. 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 issued 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 business had revenue of C$9.40 billion during 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%. On average, sell-side analysts anticipate that Fairfax Financial will post 193.642409 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Christine N. Mclean purchased 80 shares of the stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of C$1,349.98 per share, with a total value of C$107,998.40. Following the acquisition, the director now directly owns 589 shares in the company, valued at C$795,138.22. In related news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. Also, Director Christine N. Mclean purchased 80 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired 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 owns 589 shares of the company’s stock, valued at approximately C$795,138.22. In the last 90 days, insiders purchased 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. 3.65% of the stock is currently owned by insiders.

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.