Fairfax Financial (TSE:FFH) Hits New 12-Month High After Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH)’s share price reached a new 52-week high during mid-day trading on Tuesday after Royal Bank of Canada raised their price target on the stock from C$1,200.00 to C$1,275.00. Royal Bank of Canada currently has an outperform rating on the stock. Fairfax Financial traded as high as C$1,559.10 and last traded at C$1,562.28, with a volume of 33057 shares traded. The stock had previously closed at C$1,551.53.

Other analysts have also issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday. CIBC upped their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Cormark raised their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Scotiabank upped their target price on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a research report on Friday, April 26th. Finally, National Bankshares lifted their price target on shares of 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$1,820.83.

Insider Activity at Fairfax Financial

In related news, insider Andrew Barnard sold 2,572 shares of the company’s stock in a transaction that occurred on 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 stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Also, Director Brian Johnston Porter bought 100 shares of Fairfax Financial stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the acquisition, the director now owns 950 shares of the company’s stock, valued at C$1,433,930. In the last three months, insiders bought 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. 3.65% of the stock is currently owned by company insiders.

Fairfax Financial Trading Up 0.7 %

The company has a market cap of C$34.50 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.27 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45. The business’s fifty day simple moving average is C$1,492.10 and its two-hundred day simple moving average is C$1,342.76.

Fairfax Financial (TSE:FFH) last announced 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). Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. The company had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. On average, equities analysts predict that Fairfax Financial Holdings Limited will post 193.642409 EPS for the current year.

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.