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

Fairfax Financial (TSE:FFH) had its price objective lifted by equities research analysts at Cormark from C$1,600.00 to C$1,800.00 in a research report issued on Thursday, BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 21.15% from the company’s previous close.

A number of other analysts also recently issued reports on FFH. Royal Bank of Canada raised their price objective on Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. CIBC lifted their price target 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 upped their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Scotiabank upped their price target on Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, National Bankshares lifted their price objective on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$1,758.33.

Fairfax Financial Price Performance

FFH stock traded up C$2.59 during mid-day trading on Thursday, reaching C$1,485.79. 21,875 shares of the company’s stock were exchanged, compared to its average volume of 83,826. The company has a debt-to-equity ratio of 38.98, a current ratio of 6.07 and a quick ratio of 0.93. Fairfax Financial has a 12-month low of C$904.60 and a 12-month high of C$1,563.49. The company has a market cap of C$32.90 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.27 and a beta of 0.86. The stock’s 50 day moving average is C$1,448.62 and its 200 day moving average is C$1,304.71.

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). The firm had revenue of C$9.40 billion for the quarter, compared to analysts’ expectations of C$10.25 billion. Fairfax Financial had a net margin of 13.76% and a return on equity of 20.09%. On average, research analysts expect that Fairfax Financial will post 189.55125 EPS for the current year.

Insiders Place Their Bets

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

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.