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

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.

Cormark cut shares of Fairfax Financial (TSE:FFH - Free Report) from a moderate buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports. Cormark also issued estimates for Fairfax Financial's FY2025 earnings at $242.53 EPS and FY2026 earnings at $225.94 EPS.

A number of other analysts have also recently weighed in on the company. Royal Bank Of Canada upped their price target on Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Raymond James Financial boosted their target price on Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the stock an "outperform" rating in a report on Monday, July 7th. Scotiabank upped their price objective on Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. CIBC increased their price target on Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Finally, National Bankshares raised their target price on Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$2,742.86.

Fairfax Financial Stock Down 0.6%

FFH stock traded down C$13.42 during mid-day trading on Wednesday, reaching C$2,351.87. The company had a trading volume of 17,784 shares, compared to its average volume of 54,651. Fairfax Financial has a one year low of C$1,485.60 and a one year high of C$2,521.95. The stock has a market capitalization of C$37.72 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.27 and a beta of 0.83. The stock's 50-day simple moving average is C$2,412.06 and its two-hundred day simple moving average is C$2,194.34.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Director F. Brian Bradstreet sold 700 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of C$2,503.00, for a total transaction of C$1,752,100.00. Also, Director Kleven Sava sold 181 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$2,465.95, for a total value of C$446,336.95. In the last ninety days, insiders purchased 19 shares of company stock valued at $45,878 and sold 2,424 shares valued at $5,746,799. 3.76% of the stock is owned by company insiders.

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.