Fairfax Financial (TSE:FFH) PT Lowered to C$1,950.00

Fairfax Financial (TSE:FFH) had its price objective cut by Scotiabank from C$2,000.00 to C$1,950.00 in a report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on the company. Royal Bank of Canada lifted their target price on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an outperform rating in a research report on Monday. National Bankshares increased their target price on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an outperform rating in a report on Tuesday, April 30th. BMO Capital Markets lifted their price target on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. Cormark lifted their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Finally, CIBC raised 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of C$1,820.83.

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock opened at C$1,562.45 on Monday. Fairfax Financial has a 12 month low of C$915.03 and a 12 month high of C$1,575.31. The business has a 50-day moving average of C$1,496.69 and a 200 day moving average of C$1,345.74. The stock has a market capitalization of C$34.50 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The company has a debt-to-equity ratio of 37.45, a current ratio of 3.87 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH) last issued 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). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The firm had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. As a group, sell-side analysts forecast that Fairfax Financial will post 193.642409 earnings per share for the current year.

Insider Activity at Fairfax Financial

In other Fairfax Financial news, 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. In related news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$1,468.47, for a total transaction of C$1,468,470.00. Also, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction 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. In the last three months, insiders bought 190 shares of company stock valued at $273,877 and sold 5,011 shares valued at $6,334,563. Company insiders own 3.65% 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.