Fairfax Financial (TSE:FFH) PT Raised to C$1,800.00

Fairfax Financial (TSE:FFH) had its price target increased by BMO Capital Markets from C$1,650.00 to C$1,800.00 in a report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 15.22% from the stock’s current price.

Several other brokerages have also commented on FFH. Cormark raised their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Royal Bank of Canada raised their target price on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. National Bankshares boosted their price target 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. Scotiabank lifted their price objective on Fairfax Financial from C$1,900.00 to C$2,000.00 in a research note on Friday, April 26th. Finally, CIBC increased their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$1,820.83.

Fairfax Financial Price Performance

Shares of TSE FFH opened at C$1,562.28 on Monday. 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 has a 1 year low of C$910.44 and a 1 year high of C$1,563.49. The company’s 50-day moving average is C$1,492.10 and its 200 day moving average is C$1,342.76. 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 (TSE:FFH) last posted its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of C$10.25 billion. On average, sell-side analysts expect that Fairfax Financial will post 193.642409 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In related news, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction that occurred 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. Also, Director Brian Johnston Porter bought 100 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the completion of the purchase, the director now owns 950 shares in the company, valued at approximately C$1,433,930. In the last quarter, 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 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.