TSE:FFH FY2024 EPS Lifted by National Bank Financial

Fairfax Financial Holdings Limited (TSE:FFH) – Stock analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Fairfax Financial in a note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts 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.

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

Fairfax Financial Stock Up 0.9 %

FFH stock opened at C$1,985.15 on Wednesday. The company has a market cap 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 business has a 50-day simple moving average of C$1,989.67 and a 200 day simple moving average of C$1,782.07. 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 quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13.

Insider Activity at Fairfax Financial

In other news, Director F. Brian Bradstreet sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$1,875.00, for a total transaction of C$1,875,000.00. Also, Director R. William Mcfarland sold 4,800 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total transaction of C$121,008.00. Insiders have sold 7,313 shares of company stock worth $4,978,234 over the last ninety days. 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.