Fairfax Financial (TSE:FFH) Price Target Raised to C$2,125.00 at Cormark

Fairfax Financial (TSE:FFH) had its price target upped by stock analysts at Cormark from C$1,800.00 to C$2,125.00 in a note issued to investors on Monday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 16.60% from the company’s current price.

A number of other research firms also recently commented on FFH. Scotiabank upped their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday. National Bankshares raised their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd.

Fairfax Financial Stock Down 3.5 %

Shares of Fairfax Financial stock traded down C$65.51 during trading on Monday, hitting C$1,822.53. 26,819 shares of the stock traded hands, compared to its average volume of 54,450. The company has a fifty day moving average price of C$1,681.82 and a two-hundred day moving average price of C$1,587.94. Fairfax Financial has a twelve month low of C$1,171.70 and a twelve month high of C$1,890.36. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. The stock has a market cap of C$42.48 billion, a P/E ratio of 8.15, a PEG ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The firm had revenue of C$10.25 billion for the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. Equities research analysts predict that Fairfax Financial will post 212.3039807 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of Fairfax Financial stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the sale, the insider now owns 202 shares in the company, valued at C$316,358.26. The trade was a 0.00 % decrease in their ownership of the stock. In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the transaction, the insider now owns 202 shares of the company’s stock, valued at approximately C$316,358.26. The trade was a 0.00 % decrease in their position. Also, Director F. Brian Bradstreet sold 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total transaction of C$814,500.00. Over the last three months, insiders have sold 6,953 shares of company stock worth $11,304,176. Insiders own 3.76% of the company’s stock.

About Fairfax Financial

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.