Fairfax Financial (TSE:FFH) Given New C$2,400.00 Price Target at CIBC

Fairfax Financial (TSE:FFH - Free Report) had its price target lifted by CIBC from C$2,200.00 to C$2,400.00 in a research note released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on the company. BMO Capital Markets boosted their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday, November 4th. National Bankshares upped their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Scotiabank upped their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Royal Bank of Canada upped 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 report on Thursday, October 3rd. Finally, Cormark upped their price objective on Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Fairfax Financial presently has a consensus rating of "Buy" and an average target price of C$2,091.67.

Fairfax Financial Stock Performance

FFH traded up C$12.04 on Thursday, reaching C$1,968.30. 45,002 shares of the stock were exchanged, compared to its average volume of 82,422. The company's 50-day moving average price is C$1,989.70 and its 200 day moving average price is C$1,780.77. The firm has a market capitalization of C$45.88 billion, a PE ratio of 8.76, a PEG ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,213.01 and a fifty-two week high of C$2,071.49. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported C$58.14 earnings per share for the quarter, beating analysts' consensus estimates of C$42.45 by C$15.69. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. During the same quarter last year, the company posted $42.26 earnings per share. As a group, sell-side analysts forecast that Fairfax Financial will post 212.3039807 EPS for the current fiscal year.

Insider Activity at Fairfax Financial

In other news, Director David Lloyd Johnston sold 13 shares of the firm's stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. Also, Director R. William Mcfarland sold 4,800 shares of Fairfax Financial stock in a transaction that occurred 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 7,352 shares of company stock valued at $5,049,183 over the last quarter. 3.76% of the stock is owned by insiders.

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.