Fairfax Financial (TSE:FFH) Sets New 1-Year High - Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$1,757.99 and last traded at C$1,753.29, with a volume of 2839 shares trading hands. The stock had previously closed at C$1,754.31.

Analyst Upgrades and Downgrades

FFH has been the topic of several recent analyst reports. Royal Bank of Canada raised 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. Scotiabank raised their price target on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$1,854.17.

Fairfax Financial Price Performance

The stock has a market cap of C$41.03 billion, a P/E ratio of 7.99, a P/E/G ratio of 0.27 and a beta of 0.83. The business has a 50 day simple moving average of C$1,623.13 and a 200-day simple moving average of C$1,565.36. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing the consensus estimate of C$51.23 by C($0.36). The company had revenue of C$10.25 billion for the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. On average, sell-side analysts forecast that Fairfax Financial Holdings Limited will post 210.3600973 EPS for the current year.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, 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 transaction of C$6,924,875.22. In related news, Director Brian David Young sold 4,280 shares of the company's stock in a transaction that occurred on 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. Also, Director F. Brian Bradstreet sold 500 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of C$1,629.00, for a total transaction of C$814,500.00. Insiders sold a total of 6,953 shares of company stock worth $11,304,176 in the last quarter. Insiders own 3.75% 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.