Fairfax Financial (TSE:FFH) Given New C$2,000.00 Price Target at Scotiabank

Fairfax Financial (TSE:FFH - Get Free Report) had its price objective upped by stock analysts at Scotiabank from C$1,900.00 to C$2,000.00 in a research note issued to investors on Friday, BayStreet.CA reports. Scotiabank's target price points to a potential upside of 34.57% from the stock's previous close.

Several other research analysts have also recently issued reports on FFH. CIBC increased their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. BMO Capital Markets upped their target price on 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. Royal Bank of Canada increased their target price on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an "outperform" rating in a report on Tuesday, February 20th. Cormark increased their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Finally, National Bankshares lifted their target price on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$1,775.00.

Fairfax Financial Trading Down 0.0 %

FFH stock traded down C$0.33 during midday trading on Friday, reaching C$1,486.20. 62,837 shares of the company traded hands, compared to its average volume of 81,179. Fairfax Financial has a 52-week low of C$910.44 and a 52-week high of C$1,563.49. The company has a debt-to-equity ratio of 38.98, a quick ratio of 0.93 and a current ratio of 6.07. The business has a 50 day moving average of C$1,469.61 and a 200-day moving average of C$1,317.72. The firm has a market capitalization of C$32.90 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFH - Get Free Report) last issued its quarterly earnings data 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). Fairfax Financial had a net margin of 13.76% and a return on equity of 20.09%. The company had revenue of C$9.40 billion for the quarter, compared to analysts' expectations of C$10.25 billion. As a group, sell-side analysts expect that Fairfax Financial will post 189.55125 earnings per share for the current fiscal year.

Insider Transactions at Fairfax Financial

In related news, insider Andrew Barnard sold 2,572 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In other news, Director Brian Johnston Porter purchased 100 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the purchase, the director now directly owns 950 shares of the company's stock, valued at C$1,433,930. Also, insider Andrew Barnard sold 2,572 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Over the last 90 days, insiders have bought 190 shares of company stock worth $273,877 and have sold 4,572 shares worth $5,835,859. Insiders own 3.63% of the company's stock.

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.