Fairfax Financial (TSE:FFH) Given New C$1,950.00 Price Target at Scotiabank

Fairfax Financial (TSE:FFH - Free Report) had its price objective lowered by Scotiabank from C$2,000.00 to C$1,950.00 in a research report sent to investors on Monday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. Cormark increased their price target on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Royal Bank of Canada lifted their price objective on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an outperform rating in a report on Monday. National Bankshares increased their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. Finally, CIBC boosted their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$1,820.83.

Fairfax Financial Stock Performance

FFH traded up C$8.20 on Monday, hitting C$1,551.53. 30,305 shares of the stock traded hands, compared to its average volume of 78,159. The business has a fifty day moving average price of C$1,489.12 and a two-hundred day moving average price of C$1,339.40. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45. The firm has a market capitalization of C$34.26 billion, a PE ratio of 7.31, a P/E/G ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 52 week low of C$910.44 and a 52 week high of C$1,563.49.

Fairfax Financial (TSE:FFH - Get Free Report) last released 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). The firm had revenue of C$9.40 billion for the quarter, compared to the consensus estimate of C$10.25 billion. Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. On average, research analysts predict that Fairfax Financial will post 193.642409 EPS for the current fiscal year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the company's stock in a transaction that occurred 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 news, insider Andrew Barnard sold 2,572 shares of the business's 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. Also, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. Over the last quarter, insiders purchased 190 shares of company stock valued at $273,877 and sold 4,572 shares valued at $5,835,859. 3.65% 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.