BMO Capital Markets Raises Fairfax Financial (TSE:FFH) Price Target to C$2,200.00

Fairfax Financial (TSE:FFH) had its price target hoisted by equities researchers at BMO Capital Markets from C$1,850.00 to C$2,200.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 20.71% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Scotiabank raised their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday. Royal Bank of Canada raised their target price on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock 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 research report on Monday. Finally, National Bankshares raised 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.

Fairfax Financial Stock Down 3.5 %

Shares of FFH traded down C$65.51 during trading hours on Monday, reaching C$1,822.53. The company’s stock had a trading volume of 26,819 shares, compared to its average volume of 54,450. The firm has a market cap of C$42.48 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a 1-year low of C$1,171.70 and a 1-year high of C$1,890.36. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. The company has a 50 day moving average of C$1,681.82 and a two-hundred day moving average of C$1,587.94.

Fairfax Financial (TSE:FFH) last issued its 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 net margin of 12.27% and a return on equity of 17.91%. The firm had revenue of C$10.25 billion during the quarter. As a group, research analysts predict that Fairfax Financial will post 212.3039807 EPS for the current fiscal year.

Insider Buying and Selling at Fairfax Financial

In related news, Senior Officer Peter Clarke sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the completion of the sale, the insider now owns 632 shares of the company’s stock, valued at C$1,040,859.76. This trade represents a 0.00 % decrease in their ownership of the stock. In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of the firm’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 transaction of C$270,940.49. Following the transaction, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their position. Also, Senior Officer Peter Clarke sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the transaction, the insider now owns 632 shares in the company, valued at approximately C$1,040,859.76. This trade represents a 0.00 % decrease in their ownership of the stock. In the last quarter, insiders have sold 6,953 shares of company stock worth $11,304,176. Insiders own 3.76% 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.