Scotiabank Lowers Fairfax Financial (TSE:FFH) Price Target to C$1,950.00

Fairfax Financial (TSE:FFH) had its price target reduced by Scotiabank from C$2,000.00 to C$1,950.00 in a research note published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on the company. National Bankshares boosted their price target on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an outperform rating in a research report on Tuesday, April 30th. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday. Cormark upped their target price on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. 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. Finally, CIBC lifted their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average price target of C$1,820.83.

Fairfax Financial Stock Performance

TSE FFH opened at C$1,551.53 on Monday. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45. Fairfax Financial has a twelve month low of C$910.44 and a twelve month high of C$1,563.49. The stock has a 50-day moving average of C$1,489.12 and a 200 day moving average of C$1,339.40. The stock has a market capitalization of C$34.26 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) 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 analysts’ expectations of C$10.25 billion. Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. Sell-side analysts anticipate that Fairfax Financial will post 193.642409 EPS for the current fiscal year.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Director Christine N. Mclean bought 80 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the completion of the purchase, the director now directly owns 589 shares in the company, valued at C$795,138.22. In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Also, Director Christine N. Mclean acquired 80 shares of Fairfax Financial stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the purchase, the director now owns 589 shares in the company, valued at C$795,138.22. In the last three months, insiders have bought 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. Insiders own 3.65% of the company’s stock.

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.