Fairfax Financial (TSE:FFH) PT Raised to C$1,275.00 at Royal Bank of Canada

Fairfax Financial (TSE:FFH) had its price target upped by equities research analysts at Royal Bank of Canada from C$1,200.00 to C$1,275.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 18.39% from the company’s current price.

A number of other equities analysts have also recently weighed in on FFH. Scotiabank raised their price objective on Fairfax Financial from C$1,900.00 to C$2,000.00 in a report on Friday, April 26th. CIBC lifted their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday. National Bankshares lifted their target price on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Cormark raised their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Trading Up 0.7 %

Shares of Fairfax Financial stock opened at C$1,562.28 on Monday. The company has a 50 day simple moving average of C$1,492.10 and a two-hundred day simple moving average of C$1,342.76. The firm has a market cap of C$34.50 billion, a PE ratio of 7.36, a PEG ratio of 0.27 and a beta of 0.86. Fairfax Financial has a 1 year low of C$910.44 and a 1 year high of C$1,563.49. 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 announced its earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$9.40 billion during the quarter, compared to analysts’ expectations of C$10.25 billion. Analysts expect that Fairfax Financial will post 193.642409 earnings per share for the current fiscal year.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of the company’s 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. In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$1,468.47, for a total value of C$1,468,470.00. Also, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. Over the last ninety days, insiders bought 190 shares of company stock worth $273,877 and sold 4,572 shares worth $5,835,859. 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.