Fairfax Financial (TSE:FFH) Price Target Raised to C$2,100.00 at National Bankshares

Fairfax Financial (TSE:FFH) had its price target raised by National Bankshares from C$2,000.00 to C$2,100.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also weighed in on FFH. CIBC lifted their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. Cormark lifted 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. BMO Capital Markets boosted their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. Royal Bank of Canada boosted their price target 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, Scotiabank raised their price objective on Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of C$1,791.67.

Fairfax Financial Stock Up 1.3 %

Shares of Fairfax Financial stock opened at C$1,543.33 on Tuesday. The company’s fifty day simple moving average is C$1,483.93 and its two-hundred day simple moving average is C$1,330.48. Fairfax Financial has a 12-month low of C$910.44 and a 12-month high of C$1,563.49. 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 company has a market cap of C$34.17 billion, a P/E ratio of 6.59, a PEG ratio of 0.27 and a beta of 0.86.

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

Insider Activity at Fairfax Financial

In related news, insider Andrew Barnard sold 2,572 shares of the company’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. In related news, Director Christine N. Mclean purchased 80 shares of Fairfax Financial stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the purchase, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. Also, insider Andrew Barnard sold 2,572 shares of the business’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. Over the last 90 days, insiders bought 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. 3.63% of the stock is owned by 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.