Fairfax Financial (TSE:FFH) Price Target Raised to C$1,050.00 at CIBC

Fairfax Financial (TSE:FFH – Get Rating) had its price objective increased by CIBC from C$950.00 to C$1,050.00 in a report published on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Cormark lifted their price target on Fairfax Financial from C$900.00 to C$1,000.00 in a research report on Friday, January 13th. Royal Bank of Canada dropped their target price on Fairfax Financial from C$725.00 to C$700.00 and set an outperform rating on the stock in a report on Wednesday, October 12th. Scotiabank boosted their target price on Fairfax Financial from C$910.00 to C$995.00 in a report on Monday, November 7th. Finally, BMO Capital Markets boosted their target price on Fairfax Financial from C$780.00 to C$800.00 in a report on Friday, November 4th.

Fairfax Financial Price Performance

FFH opened at C$841.03 on Tuesday. The company has a debt-to-equity ratio of 45.00, a quick ratio of 0.93 and a current ratio of 1.80. Fairfax Financial has a 52-week low of C$569.62 and a 52-week high of C$843.00. The stock has a market capitalization of C$19.72 billion and a PE ratio of 35.53. The stock’s 50 day moving average price is C$793.96 and its 200-day moving average price is C$709.08.

Fairfax Financial (TSE:FFH – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported C($4.76) earnings per share for the quarter, beating the consensus estimate of C($35.96) by C$31.20. The firm had revenue of C$8.93 billion for the quarter, compared to the consensus estimate of C$8.50 billion. On average, equities research analysts predict that Fairfax Financial will post 115.4199993 EPS for the current year.

Fairfax Financial Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 19th will be paid a $13.415 dividend. The ex-dividend date is Wednesday, January 18th. This represents a dividend yield of 1.66%. This is a boost from Fairfax Financial’s previous annual dividend of $12.78. Fairfax Financial’s payout ratio is currently 42.25%.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Director F. Brian Bradstreet purchased 1,900 shares of the firm’s stock in a transaction dated Thursday, December 29th. The stock was purchased at an average price of C$18.30 per share, for a total transaction of C$34,770.00. Following the completion of the purchase, the director now directly owns 1,900 shares of the company’s stock, valued at C$34,770. In related news, Senior Officer Jean Cloutier sold 75 shares of the company’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of C$782.61, for a total transaction of C$58,695.75. Following the completion of the sale, the insider now owns 1,344 shares in the company, valued at C$1,051,827.84. Also, Director F. Brian Bradstreet acquired 1,900 shares of Fairfax Financial stock in a transaction that occurred on Thursday, December 29th. The shares were purchased at an average price of C$18.30 per share, with a total value of C$34,770.00. Following the transaction, the director now owns 1,900 shares of the company’s stock, valued at approximately C$34,770.

Fairfax Financial Company Profile

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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.