Fairfax Financial (TSE:FFH) Price Target Raised to C$1,800.00 at Cormark

Fairfax Financial (TSE:FFH) had its price target lifted by Cormark from C$1,600.00 to C$1,800.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on FFH. CIBC lifted their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Scotiabank boosted their price target on Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an outperform rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their price target on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Royal Bank of Canada boosted their price objective on 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. Finally, National Bankshares upped their price target on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an outperform rating in a report on Friday, January 26th. Five equities research 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$1,758.33.

Fairfax Financial Price Performance

Shares of FFH opened at C$1,504.59 on Thursday. Fairfax Financial has a 52 week low of C$904.60 and a 52 week high of C$1,563.49. The firm has a market cap of C$33.31 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.27 and a beta of 0.86. 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 stock has a 50 day moving average of C$1,453.96 and a 200-day moving average of C$1,306.10.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The business had revenue of C$9.40 billion for the quarter, compared to the consensus estimate of C$10.25 billion. Fairfax Financial had a net margin of 13.76% and a return on equity of 20.09%. As a group, analysts forecast that Fairfax Financial will post 189.55125 EPS for the current year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction that occurred 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 business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total value 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 value of C$1,468,470.00. Over the last quarter, insiders have purchased 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. 3.63% of the stock is owned by company 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.