Cormark Increases Fairfax Financial (TSE:FFH) Price Target to C$1,800.00

Fairfax Financial (TSE:FFH - Free Report) had its price objective upped by Cormark from C$1,600.00 to C$1,800.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other equities analysts also recently commented on FFH. CIBC boosted their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Royal Bank of Canada boosted their price target on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. National Bankshares boosted their price target on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the stock an outperform rating in a research note on Friday, January 26th. BMO Capital Markets boosted their price target on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. Finally, Scotiabank lifted their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an outperform rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$1,758.33.

Fairfax Financial Price Performance

FFH traded up C$21.39 during trading on Thursday, reaching C$1,504.59. The company's stock had a trading volume of 44,089 shares, compared to its average volume of 84,164. The company has a quick ratio of 0.93, a current ratio of 6.07 and a debt-to-equity ratio of 38.98. The firm has a fifty day simple moving average of C$1,448.62 and a two-hundred day simple moving average of C$1,304.71. Fairfax Financial has a 1 year low of C$904.60 and a 1 year high of C$1,563.49. The company has a market cap of C$33.31 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$81.40 by C($9.42). The firm had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. As a group, analysts anticipate that Fairfax Financial will post 189.55125 EPS for the current year.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. In other Fairfax Financial news, Director Brian Johnston Porter acquired 100 shares of the company's stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the completion of the purchase, the director now owns 950 shares in the company, valued at approximately C$1,433,930. Also, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Over the last three months, insiders have acquired 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. 3.63% of the stock is currently owned by company insiders.

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.