Fairfax Financial (TSE:FFH) Hits New 52-Week High Following Analyst Upgrade

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) 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.

Several other research firms also recently issued reports on FFH. CIBC increased their target price on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. BMO Capital Markets raised their target price on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. Cormark lifted their target price on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. National Bankshares raised their price objective 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. Finally, Scotiabank upped their target price on shares of Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Fairfax Financial currently has an average rating of "Buy" and a consensus price target of C$1,820.83.

Insider Buying and Selling at Fairfax Financial

In other news, Director Christine N. Mclean bought 80 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the purchase, the director now directly owns 589 shares in the company, valued at C$795,138.22. In other news, Director Christine N. Mclean acquired 80 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average cost of C$1,349.98 per share, with a total value of C$107,998.40. Following the acquisition, the director now owns 589 shares in the company, valued at approximately C$795,138.22. Also, Director F. Brian Bradstreet sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. Over the last three months, insiders purchased 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 debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87. The firm has a 50-day moving average of C$1,492.10 and a 200-day moving average of C$1,342.76. The firm has a market capitalization of C$34.50 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The firm had revenue of C$9.40 billion during the quarter, compared to analysts' expectations of C$10.25 billion. Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. On average, equities research analysts anticipate that Fairfax Financial Holdings Limited will post 193.642409 EPS for the current fiscal 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.