Fairfax Financial (TSE:FFH – Free Report) had its target price boosted by Scotiabank from C$1,950.00 to C$2,000.00 in a research report released on Wednesday morning, BayStreet.CA reports.
FFH has been the subject of a number of other research reports. Cormark lifted their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Royal Bank of Canada raised their price target on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an outperform rating in a research report on Monday, May 6th. BMO Capital Markets upped their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday, May 6th. Finally, 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 report on Tuesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Fairfax Financial presently has a consensus rating of Buy and a consensus target price of C$1,829.17.
Check Out Our Latest Report on FFH
Fairfax Financial Price Performance
Fairfax Financial (TSE:FFH – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$41.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$55.05 by C($13.51). The firm had revenue of C$10.36 billion for the quarter. Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. Sell-side analysts anticipate that Fairfax Financial will post 181.6334895 earnings per share for the current fiscal year.
Insider Activity at Fairfax Financial
In other news, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$1,564.98, for a total transaction of C$1,564,981.00. In other news, Director David Lloyd Johnston sold 226 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$1,549.95, for a total transaction of C$350,288.70. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$1,564.98, for a total transaction of C$1,564,981.00. Insiders sold a total of 2,934 shares of company stock worth $4,168,909 in the last quarter. Corporate insiders own 3.65% of the company’s stock.
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.
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