Fairfax Financial (TSE:FFH) Price Target Raised to C$2,200.00

Fairfax Financial (TSE:FFH) had its price target lifted by stock analysts at National Bankshares from C$2,100.00 to C$2,200.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 27.15% from the company’s previous close.

Several other research firms have also recently commented on FFH. Scotiabank lifted their price target on Fairfax Financial from C$1,950.00 to C$2,000.00 in a report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd.

Fairfax Financial Stock Down 1.3 %

FFH stock opened at C$1,730.25 on Wednesday. The company has a 50 day moving average price of C$1,675.30 and a two-hundred day moving average price of C$1,585.26. 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 stock has a market capitalization of C$40.33 billion, a P/E ratio of 7.70, a PEG ratio of 0.27 and a beta of 0.83. Fairfax Financial has a one year low of C$1,138.41 and a one year high of C$1,771.00.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. The business had revenue of C$10.25 billion during the quarter. As a group, sell-side analysts expect that Fairfax Financial will post 212.3039807 EPS for the current year.

Insiders Place Their Bets

In related news, Director Brian David Young sold 4,280 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the transaction, the insider now owns 202 shares in the company, valued at C$316,358.26. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Insiders sold 6,953 shares of company stock worth $11,304,176 over the last three months. 3.76% of the stock is owned by insiders.

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.