Fairfax Financial (TSE:FFH) Sets New 52-Week High at $1,590.84

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1,590.84 and last traded at C$1,576.37, with a volume of 7851 shares trading hands. The stock had previously closed at C$1,571.13.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FFH. Royal Bank of Canada raised their price objective on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. BMO Capital Markets raised their price target on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research note on Monday, May 6th. Cormark raised their price target on Fairfax Financial from C$1,600.00 to C$1,800.00 in a research note on Thursday, April 18th. CIBC raised their price target on Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Finally, Scotiabank decreased their price target on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$1,820.83.

Fairfax Financial Price Performance

The firm has a fifty day simple moving average of C$1,540.80 and a 200 day simple moving average of C$1,438.84. The company has a market capitalization of C$34.24 billion, a PE ratio of 7.46, a P/E/G ratio of 0.27 and a beta of 0.85. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$41.54 EPS for the quarter, missing the consensus estimate of C$55.05 by C($13.51). The firm had revenue of C$10.36 billion for the quarter. Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. Equities analysts anticipate that Fairfax Financial Holdings Limited will post 181.6334895 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Barnard sold 439 shares of Fairfax Financial stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$1,136.00, for a total value of C$498,704.00. In other news, insider Andrew Barnard sold 439 shares of Fairfax Financial stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$1,136.00, for a total value of C$498,704.00. Also, Director Robert John Gunn sold 631 shares of Fairfax Financial stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$1,529.64, for a total value of C$965,202.84. Insiders have sold 2,934 shares of company stock worth $4,168,909 in the last ninety days. 3.65% 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.