Fairfax Financial (TSE:FFH) Sets New 1-Year High at $1,593.70

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$1,593.70 and last traded at C$1,583.15, with a volume of 8456 shares trading hands. The stock had previously closed at C$1,580.89.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. BMO Capital Markets lifted their target price on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday, May 6th. National Bankshares lifted their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Scotiabank dropped their target price on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, Cormark boosted their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Price Performance

The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87. The firm has a market capitalization of C$34.56 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.27 and a beta of 0.85. The business has a fifty day moving average of C$1,548.27 and a two-hundred day moving average of C$1,463.15.

Fairfax Financial (TSE:FFH) last posted its earnings results on Thursday, May 2nd. The company reported C$41.54 earnings per share for the quarter, missing analysts’ consensus estimates of C$55.05 by C($13.51). The business had revenue of C$10.36 billion for the quarter. Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. As a group, research analysts predict that Fairfax Financial Holdings Limited will post 181.6334895 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director F. Brian Bradstreet sold 1,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$1,564.98, for a total value of C$1,564,981.00. In related news, Director Robert John Gunn sold 631 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$1,529.64, for a total value of C$965,202.84. Also, Director F. Brian Bradstreet sold 1,000 shares of the business’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 value of C$1,564,981.00. In the last three months, insiders have sold 2,934 shares of company stock valued at $4,168,909. 3.65% 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.