Fairfax Financial (TSE:FFH) Given New C$2,400.00 Price Target at CIBC

Fairfax Financial (TSE:FFH) had its price objective raised by CIBC from C$2,200.00 to C$2,400.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on FFH. BMO Capital Markets raised their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Royal Bank of Canada raised their price target on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Cormark raised their price target on Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th. Scotiabank raised their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Finally, National Bankshares raised their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$2,091.67.

Fairfax Financial Trading Up 0.2 %

Shares of FFH opened at C$1,970.37 on Thursday. Fairfax Financial has a 1 year low of C$1,213.01 and a 1 year high of C$2,071.49. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The stock has a 50 day simple moving average of C$1,989.36 and a 200-day simple moving average of C$1,772.28. The stock has a market cap of C$45.93 billion, a PE ratio of 8.77, a PEG ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, October 31st. The company reported C$58.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$42.45 by C$15.69. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. During the same period in the previous year, the firm posted $42.26 earnings per share. On average, sell-side analysts predict that Fairfax Financial will post 212.3039807 EPS for the current fiscal year.

Insider Buying and Selling at Fairfax Financial

In other news, Director David Lloyd Johnston sold 13 shares of the firm’s stock in a transaction on Thursday, November 28th. The stock was sold at an average price of C$1,978.89, for a total value of C$25,725.57. Also, Director F. Brian Bradstreet sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$1,875.00, for a total value of C$1,875,000.00. In the last ninety days, insiders have sold 7,362 shares of company stock worth $5,067,724. Insiders own 3.76% 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.