Fairfax Financial (TSE:FFH) PT Raised to C$1,425.00 at Royal Bank of Canada

Fairfax Financial (TSE:FFH) had its price objective raised by equities research analysts at Royal Bank of Canada from C$1,325.00 to C$1,425.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock.

Separately, Scotiabank upped their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$1,854.17.

Fairfax Financial Stock Performance

The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93. The business’s 50 day moving average is C$1,607.04 and its 200 day moving average is C$1,557.41. The company has a market cap of C$40.69 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a twelve month low of C$1,070.00 and a twelve month high of C$1,757.09.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing the consensus estimate 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. On average, equities analysts forecast that Fairfax Financial will post 210.3600973 earnings per share for the current year.

Insiders Place Their Bets

In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction 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 sale, the insider now owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction 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 sale, the insider now owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Insiders have sold a total of 6,953 shares of company stock worth $11,304,176 over the last 90 days. Corporate insiders own 3.75% 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.