Cormark Equities Analysts Cut Earnings Estimates for TSE:FFH

Fairfax Financial Holdings Limited (TSE:FFH) – Cormark decreased their FY2024 EPS estimates for shares of Fairfax Financial in a research note issued to investors on Monday, November 4th. Cormark analyst J. Fenwick now forecasts that the company will earn $204.92 per share for the year, down from their previous estimate of $205.44. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. Cormark also issued estimates for Fairfax Financial’s FY2025 earnings at $234.01 EPS and FY2026 earnings at $268.91 EPS.

Several other equities research analysts have also weighed in on FFH. BMO Capital Markets increased their target price on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday. Scotiabank lifted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday. National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd.

Fairfax Financial Stock Performance

Shares of TSE FFH opened at C$1,810.43 on Wednesday. The firm has a market capitalization of C$42.20 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.27 and a beta of 0.83. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The business has a fifty day simple moving average of C$1,696.45 and a 200 day simple moving average of C$1,594.71. Fairfax Financial has a one year low of C$1,171.70 and a one year high of C$1,890.36.

Insider Activity at Fairfax Financial

In other news, Director David Lloyd Johnston sold 39 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$1,819.21, for a total transaction of C$70,949.19. In related news, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Also, Director David Lloyd Johnston sold 39 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$1,819.21, for a total value of C$70,949.19. Over the last three months, insiders have sold 6,992 shares of company stock worth $11,375,125. Corporate insiders own 3.76% 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.