TSE:FFH FY2024 EPS Lifted by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Fairfax Financial in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $222.25 per share for the year, up from their prior forecast of $208.38. The consensus estimate for Fairfax Financial’s current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $62.96 EPS, Q1 2025 earnings at $60.32 EPS, Q2 2025 earnings at $55.68 EPS, Q3 2025 earnings at $53.94 EPS, FY2025 earnings at $233.37 EPS and FY2026 earnings at $243.17 EPS.

Several other brokerages have also issued reports on FFH. Cormark raised their price target on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a research note on Monday, November 4th. CIBC raised their target price on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Scotiabank upped their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. National Bankshares boosted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$2,091.67.

Fairfax Financial Stock Performance

TSE FFH opened at C$1,985.15 on Wednesday. The company has a market capitalization of C$46.27 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. Fairfax Financial has a 52-week low of C$1,213.01 and a 52-week high of C$2,071.49. The company has a 50-day simple moving average of C$1,989.67 and a 200 day simple moving average of C$1,782.07.

Insider Activity at Fairfax Financial

In related news, Director F. Brian Bradstreet sold 1,500 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$1,971.00, for a total transaction of C$2,956,500.00. Also, Director R. William Mcfarland sold 4,800 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total value of C$121,008.00. In the last three months, insiders have sold 7,313 shares of company stock worth $4,978,234. 3.76% of the stock is 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.