Fairfax Financial (TSE:FFH) PT Raised to C$2,100.00 at National Bankshares

Fairfax Financial (TSE:FFH) had its target price raised by research analysts at National Bankshares from C$2,000.00 to C$2,100.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 37.40% from the stock’s current price.

FFH has been the subject of several other reports. Cormark raised their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research report on Thursday, April 18th. Scotiabank increased their price objective on Fairfax Financial from C$1,900.00 to C$2,000.00 in a research note on Friday, April 26th. CIBC increased their price objective on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Royal Bank of Canada raised their price target on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets raised their price target on Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial presently has a consensus rating of “Buy” and an average price target of C$1,791.67.

Fairfax Financial Trading Up 2.1 %

Shares of Fairfax Financial stock opened at C$1,528.34 on Tuesday. The firm has a market capitalization of C$33.84 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.27 and a beta of 0.86. Fairfax Financial has a fifty-two week low of C$910.44 and a fifty-two week high of C$1,563.49. The company has a debt-to-equity ratio of 38.98, a quick ratio of 0.93 and a current ratio of 6.07. The stock has a 50 day moving average of C$1,480.85 and a 200 day moving average of C$1,329.13.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of C$10.25 billion. As a group, research analysts predict that Fairfax Financial will post 189.55125 earnings per share for the current year.

Insider Buying and Selling at Fairfax Financial

In related news, Director Christine N. Mclean purchased 80 shares of Fairfax Financial stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the transaction, the director now owns 589 shares in the company, valued at C$795,138.22. In related news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction that occurred 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 Christine N. Mclean acquired 80 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of C$1,349.98 per share, with a total value of C$107,998.40. Following the completion of the transaction, the director now directly owns 589 shares in the company, valued at C$795,138.22. In the last 90 days, insiders have acquired 190 shares of company stock valued at $273,877 and have sold 4,572 shares valued at $5,835,859. 3.63% of the stock is owned by corporate 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.