Cormark Has Bearish Forecast for TSE:FFH FY2025 Earnings

Key Points

• Cormark has downgraded its FY2025 earnings per share (EPS) estimate for Fairfax Financial from $243.47 to $242.53, maintaining a "Hold" rating on the stock.
• Several other analysts have raised their price targets on Fairfax Financial, with National Bankshares setting a new target of C$3,000.00, indicating a generally positive outlook despite the EPS downgrade.
• Insider trading activity shows significant selling, with insiders offloading over 2,400 shares in the last three months, while insiders own 3.76% of the company’s stock.

Fairfax Financial Holdings Limited (TSE:FFH - Free Report) - Cormark dropped their FY2025 EPS estimates for Fairfax Financial in a report released on Wednesday, August 6th. Cormark analyst J. Fenwick now forecasts that the company will earn $242.53 per share for the year, down from their prior forecast of $243.47. Cormark currently has a "Hold" rating on the stock. The consensus estimate for Fairfax Financial's current full-year earnings is $212.30 per share.

A number of other brokerages have also recently commented on FFH. Scotiabank lifted their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. National Bankshares boosted their price target on shares of Fairfax Financial from C$2,700.00 to C$3,000.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. BMO Capital Markets boosted their price objective 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 boosted 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 note on Monday, July 7th. Finally, CIBC boosted their price objective on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$2,742.86.

Fairfax Financial Stock Performance

Shares of FFH traded down C$14.59 during midday trading on Thursday, hitting C$2,350.70. 19,121 shares of the company traded hands, compared to its average volume of 54,667. The firm has a 50 day moving average of C$2,412.06 and a 200-day moving average of C$2,194.34. Fairfax Financial has a 52 week low of C$1,485.60 and a 52 week high of C$2,521.95. The stock has a market cap of C$37.70 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.27 and a beta of 0.83.

Insiders Place Their Bets

In related news, Senior Officer Jean Cloutier sold 216 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$2,431.86, for a total transaction of C$525,281.76. Also, insider Andrew Barnard sold 500 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$2,274.20, for a total transaction of C$1,137,100.00. Over the last three months, insiders acquired 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 currently owned by corporate insiders.

About Fairfax Financial

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