Fairfax Financial (TSE:FFH) PT Raised to C$750.00 at Royal Bank of Canada

Fairfax Financial (TSE:FFH – Get Rating) had its price objective boosted by stock analysts at Royal Bank of Canada from C$675.00 to C$750.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 12.56% from the stock’s previous close.

Several other analysts have also recently commented on FFH. Cormark raised their target price on Fairfax Financial from C$800.00 to C$860.00 in a research report on Monday. BMO Capital Markets raised their target price on Fairfax Financial from C$760.00 to C$780.00 in a research report on Friday. National Bankshares raised their target price on Fairfax Financial from C$1,000.00 to C$1,050.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank raised their target price on Fairfax Financial from C$810.00 to C$820.00 in a research report on Wednesday, April 27th. Finally, CIBC lifted their price target on Fairfax Financial from C$825.00 to C$950.00 in a research report on Tuesday, April 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$851.43.

Shares of Fairfax Financial stock traded down C$39.57 on Monday, reaching C$666.30. 25,954 shares of the company were exchanged, compared to its average volume of 91,898. The company has a debt-to-equity ratio of 41.72, a quick ratio of 1.01 and a current ratio of 1.43. The company’s 50-day moving average is C$648.03 and its two-hundred day moving average is C$606.89. The firm has a market cap of C$20.58 billion and a price-to-earnings ratio of 4.26. Fairfax Financial has a 1-year low of C$493.00 and a 1-year high of C$716.59.

Fairfax Financial (TSE:FFH – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The company reported C$42.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$49.47 by C($7.06). The firm had revenue of C$8.73 billion during the quarter, compared to analyst estimates of C$10.05 billion. As a group, sell-side analysts forecast that Fairfax Financial will post 67.1399955 earnings per share for the current year.

In other news, insider Andrew Barnard sold 2,588 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of C$646.33, for a total value of C$1,672,695.04. Following the completion of the sale, the insider now owns 60,865 shares of the company’s stock, valued at C$39,338,710.87.

About Fairfax Financial (Get Rating)

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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