Fairfax Financial (TSE:FFH) Price Target Cut to C$1,950.00 by Analysts at Scotiabank

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

A number of other equities research analysts have also issued reports on FFH. Royal Bank of Canada increased their price target on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an outperform rating in a research note on Monday. National Bankshares lifted their target price on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an outperform rating in a research note on Tuesday, April 30th. CIBC upped their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. BMO Capital Markets increased their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday. Finally, Cormark boosted their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of C$1,820.83.

Fairfax Financial Trading Down 0.6 %

Fairfax Financial stock opened at C$1,552.23 on Monday. Fairfax Financial has a 52-week low of C$911.02 and a 52-week high of C$1,563.67. The company has a market cap of C$34.27 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.27 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 3.87 and a debt-to-equity ratio of 37.45. The business 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.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data 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 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 predict that Fairfax Financial will post 193.642409 EPS for the current year.

Insider Activity

In other news, Director Christine N. Mclean acquired 80 shares of Fairfax Financial stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the acquisition, the director now directly owns 589 shares of the company’s stock, valued at approximately C$795,138.22. In other Fairfax Financial news, Director Christine N. Mclean purchased 80 shares of Fairfax Financial stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average price of C$1,349.98 per share, for a total transaction of C$107,998.40. Following the acquisition, the director now owns 589 shares in the company, valued at approximately C$795,138.22. Also, Director F. Brian Bradstreet sold 1,000 shares of Fairfax Financial 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. Over the last ninety days, insiders purchased 190 shares of company stock valued at $273,877 and sold 5,011 shares valued at $6,334,563. 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.