Fairfax Financial (TSE:FFH) Sets New 12-Month High After Analyst Upgrade

Shares of Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high on Tuesday after Royal Bank of Canada raised their price target on the stock from C$1,200.00 to C$1,275.00. Royal Bank of Canada currently has an outperform rating on the stock. Fairfax Financial traded as high as C$1,559.10 and last traded at C$1,562.28, with a volume of 33057 shares. The stock had previously closed at C$1,551.53.

FFH has been the subject of a number of other research reports. Scotiabank lifted their target price on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. BMO Capital Markets lifted their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday. CIBC increased their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. National Bankshares raised their target price 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. Finally, Cormark upped their price target on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$1,820.83.

Insider Buying and Selling

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated 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 other Fairfax Financial 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 transaction of C$2,882,388.96. Also, Director Brian Johnston Porter purchased 100 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased 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 transaction, the director now owns 950 shares of the company’s stock, valued at C$1,433,930. In the last three months, insiders have purchased 190 shares of company stock valued at $273,877 and have sold 5,011 shares valued at $6,334,563. 3.65% of the stock is owned by insiders.

Fairfax Financial Trading Down 0.6 %

The firm has a market capitalization of C$34.27 billion, a P/E ratio of 7.31, a PEG ratio of 0.27 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45. The stock has a fifty day simple moving average of C$1,492.10 and a 200 day simple moving average of C$1,342.76.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 EPS 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 business had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. As a group, research analysts forecast that Fairfax Financial Holdings Limited will post 193.642409 EPS for the current year.

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.