Fairfax Financial (TSE:FFH) Stock Price Expected to Rise, CIBC Analyst Says

Fairfax Financial (TSE:FFHGet Free Report) had its price target hoisted by CIBC from C$2,200.00 to C$2,400.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 21.81% from the company’s previous close.

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

Read Our Latest Report on Fairfax Financial

Fairfax Financial Stock Up 0.2 %

Shares of FFH stock traded up C$4.59 on Thursday, hitting C$1,970.33. The company’s stock had a trading volume of 5,612 shares, compared to its average volume of 86,678. The stock has a market capitalization of C$45.93 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,213.01 and a fifty-two week high of C$2,071.49. The firm’s fifty day moving average price is C$1,989.36 and its 200-day moving average price is C$1,772.28. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFHGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$58.14 EPS for the quarter, beating 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 quarter last year, the business posted $42.26 EPS. Research analysts anticipate that Fairfax Financial will post 212.3039807 EPS for the current year.

Insider Buying and Selling

In related news, Director R. William Mcfarland sold 4,800 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total transaction of C$121,008.00. Also, Director David Lloyd Johnston sold 39 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$1,819.21, for a total transaction of C$70,949.19. Insiders sold 7,362 shares of company stock valued at $5,067,724 over the last quarter. Corporate insiders own 3.76% of the company’s stock.

Fairfax Financial Company Profile

(Get Free Report)

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.

Further Reading

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