Royal Bank of Canada Raises Fairfax Financial (TSE:FFH) Price Target to C$1,425.00

Fairfax Financial (TSE:FFH) had its target price lifted by Royal Bank of Canada from C$1,325.00 to C$1,425.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Separately, Scotiabank upped their price target on Fairfax Financial from C$1,950.00 to C$2,000.00 in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$1,854.17.

Fairfax Financial Price Performance

Fairfax Financial has a 1-year low of C$1,070.00 and a 1-year high of C$1,757.09. The firm has a market capitalization of C$40.69 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.27 and a beta of 0.83. The stock’s 50 day simple moving average is C$1,607.04 and its 200 day simple moving average is C$1,557.41. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. The business had revenue of C$10.25 billion for the quarter. As a group, equities analysts predict that Fairfax Financial will post 210.3600973 EPS for the current fiscal year.

Insider Activity at Fairfax Financial

In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the transaction, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. This represents a 0.00 % decrease in their ownership of the stock. In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the transaction, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now owns 632 shares of the company’s stock, valued at C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. Over the last ninety days, insiders sold 6,953 shares of company stock worth $11,304,176. 3.75% of the stock is owned by corporate 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.