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

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

Several other brokerages have also recently issued reports on FFH. BMO Capital Markets boosted their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. Cormark boosted their price objective 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 boosted 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 research report on Wednesday, October 30th. Royal Bank of Canada boosted 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, Scotiabank boosted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$2,091.67.

Fairfax Financial Price Performance

Shares of TSE FFH opened at C$1,970.37 on Thursday. The business’s 50 day moving average price is C$1,989.36 and its two-hundred day moving average price is C$1,772.28. The company has a market cap of C$45.93 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. Fairfax Financial has a twelve month low of C$1,213.01 and a twelve month high of C$2,071.49.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$58.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$42.45 by C$15.69. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. During the same quarter in the previous year, the firm earned $42.26 earnings per share. On average, analysts predict that Fairfax Financial will post 212.3039807 EPS for the current year.

Insider Transactions at Fairfax Financial

In related news, Director R. William Mcfarland sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$1,875.00, for a total transaction of C$1,875,000.00. Insiders have sold 7,362 shares of company stock valued at $5,067,724 in the last 90 days. 3.76% of the stock is currently 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.