Fairfax Financial (TSE:FFH) Price Target Raised to C$2,400.00 at CIBC

Fairfax Financial (TSE:FFH) had its price target lifted by equities research analysts at CIBC from C$2,200.00 to C$2,400.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 22.68% from the stock’s current price.

FFH has been the subject of a number of other reports. Royal Bank of Canada upped their price target on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Scotiabank lifted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. Cormark boosted their price target on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th. BMO Capital Markets raised their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. Finally, National Bankshares boosted their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Fairfax Financial presently has a consensus rating of “Buy” and a consensus target price of C$2,091.67.

Fairfax Financial Price Performance

FFH opened at C$1,956.26 on Thursday. The company has a fifty day moving average price of C$1,989.76 and a two-hundred day moving average price of C$1,775.04. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. The firm has a market capitalization of C$45.60 billion, a PE ratio of 8.71, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a 52 week low of C$1,213.01 and a 52 week high of C$2,071.49.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, October 31st. The company reported C$58.14 EPS for the quarter, beating analysts’ consensus estimates of C$42.45 by C$15.69. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. During the same period in the prior year, the firm earned $42.26 earnings per share. As a group, analysts anticipate that Fairfax Financial will post 212.3039807 earnings per share for the current year.

Insider Buying and Selling

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total transaction of C$121,008.00. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$1,875.00, for a total transaction of C$1,875,000.00. In the last ninety days, insiders sold 7,362 shares of company stock valued at $5,067,724. Company insiders own 3.76% 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.