TSE:FFH FY2024 EPS Increased by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Equities researchers at National Bank Financial upped their FY2024 EPS estimates for Fairfax Financial in a research note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $222.25 per share for the year, up from their prior estimate of $208.38. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $62.96 EPS, Q1 2025 earnings at $60.32 EPS, Q2 2025 earnings at $55.68 EPS, Q3 2025 earnings at $53.94 EPS, FY2025 earnings at $233.37 EPS and FY2026 earnings at $243.17 EPS.

A number of other analysts have also recently issued reports on FFH. BMO Capital Markets lifted their target price on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. National Bankshares boosted their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. CIBC raised their price objective on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. 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. Finally, Scotiabank boosted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$2,091.67.

Fairfax Financial Stock Performance

Shares of TSE FFH opened at C$1,997.99 on Wednesday. The business’s 50-day moving average price is C$1,990.27 and its two-hundred day moving average price is C$1,783.47. Fairfax Financial has a one year low of C$1,213.01 and a one year high of C$2,071.49. The company has a market capitalization of C$46.57 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93.

Insider Buying and Selling

In other news, Director David Lloyd Johnston sold 13 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. Also, Director R. William Mcfarland sold 4,800 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total value of C$121,008.00. Over the last quarter, insiders have sold 7,313 shares of company stock valued at $4,978,234. 3.76% 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.