Royal Bank of Canada Boosts Fairfax Financial (TSE:FFH) Price Target to C$1,275.00

Fairfax Financial (TSE:FFH) had its price objective upped by Royal Bank of Canada from C$1,200.00 to C$1,275.00 in a report issued on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

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

Fairfax Financial Stock Performance

Shares of TSE FFH opened at C$1,552.23 on Monday. 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$34.27 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 12-month low of C$911.02 and a 12-month high of C$1,563.67. The company has a current ratio of 3.87, a quick ratio of 0.93 and a debt-to-equity ratio of 37.45.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share for the quarter, missing the consensus estimate of C$81.40 by C($9.42). Fairfax Financial had a net margin of 12.26% and a return on equity of 17.26%. The company had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$10.25 billion. On average, research analysts anticipate that Fairfax Financial will post 193.642409 earnings per share for the current year.

Insider Buying and Selling

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 related news, insider Andrew Barnard sold 2,572 shares of the stock in a transaction on 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. Also, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Over the last 90 days, insiders have acquired 190 shares of company stock worth $273,877 and have sold 5,011 shares worth $6,334,563. 3.65% of the stock is currently owned by company insiders.

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.