Fairfax Financial (TSE:FFH – Free Report) had its target price hoisted by Royal Bank of Canada from C$1,200.00 to C$1,275.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other brokerages have also commented on FFH. Scotiabank increased their price objective on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. BMO Capital Markets increased their price target on Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday. CIBC upped their price objective on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a report on Wednesday, March 13th. Cormark boosted their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Finally, National Bankshares raised their price target 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and an average price target of C$1,820.83.
Check Out Our Latest Analysis on Fairfax Financial
Fairfax Financial Price Performance
Fairfax Financial (TSE:FFH – Get Free Report) 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 12.26% and a return on equity of 17.26%. As a group, equities analysts predict that Fairfax Financial will post 193.642409 earnings per share for the current fiscal year.
Insider Buying and Selling at Fairfax Financial
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 related news, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Also, Director F. Brian Bradstreet sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. In the last ninety days, insiders purchased 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. Insiders own 3.65% 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.
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