BMO Capital Markets Forecasts Strong Price Appreciation for Fairfax Financial (TSE:FFH) Stock

Fairfax Financial (TSE:FFH - Get Free Report) had its price objective raised by analysts at BMO Capital Markets from C$1,850.00 to C$2,200.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 21.20% from the stock's current price.

A number of other equities analysts have also recently weighed in on FFH. Royal Bank of Canada increased their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. National Bankshares lifted 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 note on Wednesday, October 30th. Scotiabank increased their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday. Finally, Cormark lifted their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday.

Fairfax Financial Trading Down 3.9 %

Shares of TSE FFH traded down C$72.82 during trading on Monday, hitting C$1,815.22. 47,615 shares of the company were exchanged, compared to its average volume of 54,560. 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 has a 12-month low of C$1,171.70 and a 12-month high of C$1,890.36. The company has a fifty day moving average price of C$1,687.31 and a 200-day moving average price of C$1,590.26. The firm has a market capitalization of C$42.31 billion, a PE 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 released its quarterly earnings results 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). The firm 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%. As a group, equities research analysts expect that Fairfax Financial will post 212.3039807 EPS for the current year.

Insider Activity at Fairfax Financial

In related news, 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. In related news, Senior Officer Peter Clarke sold 2,000 shares of the 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 completion of the sale, the insider now directly owns 632 shares of the company's stock, valued at C$1,040,859.76. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of the business'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 transaction of C$6,924,875.22. Insiders sold a total of 6,953 shares of company stock valued at $11,304,176 in the last three months. 3.76% of the stock is currently 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.