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

Fairfax Financial (TSE:FFH) had its price objective lifted by CIBC from C$2,200.00 to C$2,400.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

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

Fairfax Financial Stock Down 0.7 %

FFH opened at C$1,956.26 on Thursday. The firm has a market cap of C$45.60 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.27 and a beta of 0.83. Fairfax Financial has a twelve month low of C$1,213.01 and a twelve month high of C$2,071.49. 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’s 50-day simple moving average is C$1,989.70 and its 200-day simple moving average is C$1,777.72.

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

Insider Buying and Selling at Fairfax Financial

In other news, Director F. Brian Bradstreet sold 1,500 shares of Fairfax Financial stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$1,971.00, for a total value of C$2,956,500.00. Also, Director David Lloyd Johnston sold 13 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. Over the last quarter, 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.