Scotiabank Raises Fairfax Financial (TSE:FFH) Price Target to C$2,000.00

Fairfax Financial (TSE:FFH) had its target price hoisted by Scotiabank from C$1,900.00 to C$2,000.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

FFH has been the topic of a number of other reports. Royal Bank of Canada upped their price objective on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Cormark upped their price objective on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. CIBC upped their price objective on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Finally, National Bankshares upped their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an outperform rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial has an average rating of Buy and a consensus price target of C$1,775.00.

Fairfax Financial Trading Down 0.0 %

FFH opened at C$1,486.20 on Friday. Fairfax Financial has a fifty-two week low of C$910.44 and a fifty-two week high of C$1,563.49. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. The firm has a market capitalization of C$32.90 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.27 and a beta of 0.86. The company’s 50 day moving average price is C$1,471.83 and its two-hundred day moving average price is C$1,319.95.

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

Insider Activity at Fairfax Financial

In related news, Director Brian Johnston Porter bought 100 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the transaction, the director now directly owns 950 shares of the company’s stock, valued at C$1,433,930. In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Also, Director Brian Johnston Porter acquired 100 shares of the stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the acquisition, the director now owns 950 shares of the company’s stock, valued at approximately C$1,433,930. In the last quarter, insiders have purchased 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. 3.63% of the stock is owned by corporate 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.