Fairfax Financial (TSE:FFH) Price Target Increased to C$2,000.00 by Analysts at Scotiabank

Fairfax Financial (TSE:FFH) had its price objective increased by analysts at Scotiabank from C$1,900.00 to C$2,000.00 in a note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 34.57% from the company’s current price.

Other research analysts also recently issued research reports about the stock. CIBC raised their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. BMO Capital Markets raised their price target on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. 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. National Bankshares lifted their target price on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada lifted their target price on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Fairfax Financial has a consensus rating of “Buy” and a consensus target price of C$1,775.00.

Fairfax Financial Stock Down 0.0 %

Fairfax Financial stock opened at C$1,486.20 on Friday. The company has a market capitalization of C$32.90 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.27 and a beta of 0.86. The firm’s fifty day simple moving average is C$1,471.83 and its 200-day simple moving average is C$1,321.30. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98. Fairfax Financial has a 1-year low of C$910.44 and a 1-year high of C$1,563.49.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). The business had revenue of C$9.40 billion for the quarter, compared to the consensus estimate of C$10.25 billion. Fairfax Financial had a net margin of 13.76% and a return on equity of 20.09%. Sell-side analysts forecast that Fairfax Financial will post 189.55125 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In other news, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director Christine N. Mclean acquired 80 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were bought at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the acquisition, the director now owns 589 shares in the company, valued at approximately C$795,138.22. In the last quarter, insiders have bought 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. Insiders own 3.63% of the company’s stock.

About Fairfax Financial

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.