Fairfax Financial (TSE:FFH) Downgraded by Cormark to Hold

Key Points

• Fairfax Financial has been downgraded by Cormark from a "moderate buy" to a "hold" rating, signaling a shift in analyst sentiment regarding the stock's performance.
• Despite the downgrade, several analysts have raised their target prices for Fairfax Financial, with National Bankshares increasing it from C$2,700.00 to C$3,000.00, reflecting continued optimism for the company.
• The company's stock has seen a 1.1% decline recently, with current trading at around C$2,391.21, while maintaining a market cap of C$38.35 billion.

Fairfax Financial (TSE:FFH - Get Free Report) was downgraded by equities researchers at Cormark from a "moderate buy" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports. Cormark also issued estimates for Fairfax Financial's FY2025 earnings at $242.53 EPS.

Several other equities analysts have also recently weighed in on FFH. National Bankshares raised their target price on shares of Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Scotiabank raised their target price on shares of Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. BMO Capital Markets raised their target price on shares of Fairfax Financial from C$2,500.00 to C$2,800.00 in a research note on Friday, July 11th. Raymond James Financial lifted their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the stock an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$2,742.86.

Fairfax Financial Stock Down 1.1%

TSE:FFH opened at C$2,391.21 on Wednesday. Fairfax Financial has a twelve month low of C$1,425.00 and a twelve month high of C$2,521.95. The business has a 50 day moving average price of C$2,408.40 and a two-hundred day moving average price of C$2,186.53. The company has a market cap of C$38.35 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Activity at Fairfax Financial

In other news, Director David Lloyd Johnston sold 27 shares of Fairfax Financial stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of C$2,282.06, for a total transaction of C$61,615.62. Also, Director F. Brian Bradstreet sold 700 shares of Fairfax Financial stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of C$2,503.00, for a total value of C$1,752,100.00. In the last ninety days, insiders have acquired 19 shares of company stock valued at $45,878 and have sold 2,424 shares valued at $5,746,799. Corporate insiders own 3.76% of the company's stock.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

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