Fairfax Financial (TSE:FFH) Hits New 12-Month High - Time to Buy?

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$1,890.36 and last traded at C$1,890.36, with a volume of 1890 shares changing hands. The stock had previously closed at C$1,888.04.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FFH shares. Cormark boosted their price objective on Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday. National Bankshares boosted 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 research report on Wednesday, October 30th. Royal Bank of Canada upped their target price 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. Scotiabank upped their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday. Finally, BMO Capital Markets upped their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research note on Monday.

Fairfax Financial Stock Performance

The business has a fifty day simple moving average of C$1,687.31 and a two-hundred day simple moving average of C$1,590.26. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. The company has a market cap of C$42.31 billion, a P/E ratio of 8.08, a P/E/G ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH - Get Free Report) 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 return on equity of 17.91% and a net margin of 12.27%. The company had revenue of C$10.25 billion during the quarter. On average, sell-side analysts anticipate that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current year.

Insider Transactions at Fairfax Financial

In related news, Senior Officer Olivier Elie Quesnel sold 173 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the completion of the sale, the insider now owns 202 shares in the company, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their ownership of the stock. In related news, Director Brian David Young sold 4,280 shares of the stock in a transaction dated 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. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the sale, the insider now owns 202 shares of the company's stock, valued at C$316,358.26. This represents a 0.00 % decrease in their position. Insiders have sold 6,953 shares of company stock valued at $11,304,176 over the last quarter. 3.76% of the stock is currently owned by company 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.