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

Fairfax Financial (TSE:FFH) had its price target lifted by equities researchers at National Bankshares from C$2,100.00 to C$2,200.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 27.15% from the stock’s previous close.

Several other equities analysts also recently weighed in on FFH. Scotiabank raised their target price on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.

Fairfax Financial Price Performance

Shares of FFH opened at C$1,730.25 on Wednesday. The business’s 50-day moving average is C$1,675.30 and its two-hundred day moving average is C$1,585.26. The company has a market capitalization of C$40.33 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,138.41 and a fifty-two week high of C$1,771.00. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data 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 return on equity of 17.91% and a net margin of 12.27%. The firm had revenue of C$10.25 billion for the quarter. Research analysts predict that Fairfax Financial will post 212.3039807 earnings per share for the current year.

Insider Activity

In other news, Director Brian David Young sold 4,280 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the business’s 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 directly owns 632 shares in the company, valued at approximately C$1,040,859.76. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Over the last three months, insiders sold 6,953 shares of company stock valued at $11,304,176. Insiders own 3.76% of the company’s stock.

Fairfax Financial Company Profile

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.