Fairfax Financial (TSE:FFH) Given New C$2,100.00 Price Target at National Bankshares

Fairfax Financial (TSE:FFH) had its price objective upped by National Bankshares from C$2,000.00 to C$2,100.00 in a report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on FFH. 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 report on Tuesday, February 20th. Royal Bank of Canada lifted their target price on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Scotiabank increased their price target on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. CIBC lifted their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Finally, Cormark increased their target price on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of C$1,791.67.

Fairfax Financial Stock Down 0.8 %

FFH stock opened at C$1,496.71 on Tuesday. Fairfax Financial has a 52 week low of C$910.44 and a 52 week high of C$1,563.49. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98. The company has a market cap of C$33.14 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.27 and a beta of 0.86. The company’s 50-day moving average price is C$1,477.19 and its 200 day moving average price is C$1,327.73.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate 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 firm had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$10.25 billion. On average, research analysts expect that Fairfax Financial will post 189.55125 earnings per share for the current fiscal year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction that occurred on 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. In other news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director F. Brian Bradstreet sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Over the last 90 days, insiders have bought 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. Insiders own 3.63% of the company’s stock.

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.