Cormark Raises Fairfax Financial (TSE:FFH) Price Target to C$1,800.00

Fairfax Financial (TSE:FFH) had its target price increased by Cormark from C$1,600.00 to C$1,800.00 in a research report released on Thursday morning, BayStreet.CA reports.

A number of other equities analysts have also weighed in on FFH. CIBC upped their target price on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research report on Wednesday, March 13th. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Royal Bank of Canada increased their price objective on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Scotiabank increased their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Finally, National Bankshares increased their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an outperform rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of C$1,758.33.

Fairfax Financial Stock Performance

Shares of TSE FFH opened at C$1,504.59 on Thursday. The firm has a fifty day moving average price of C$1,453.96 and a 200-day moving average price of C$1,306.10. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. The stock has a market cap of C$33.31 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 1 year low of C$904.60 and a 1 year high of C$1,563.49.

Fairfax Financial (TSE:FFH) last announced 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 return on equity of 20.09% and a net margin of 13.76%. The firm had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. Equities analysts anticipate that Fairfax Financial will post 189.55125 earnings per share for the current fiscal year.

Insider Transactions at Fairfax Financial

In other news, insider Andrew Barnard sold 2,572 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated 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 Brian Johnston Porter purchased 100 shares of Fairfax Financial stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of C$1,509.40 per share, for a total transaction of C$150,940.00. Following the purchase, the director now directly owns 950 shares in the company, valued at C$1,433,930. In the last quarter, insiders bought 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. Company insiders own 3.63% 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.