FY2024 EPS Forecast for Fairfax Financial Raised by Analyst

Fairfax Financial Holdings Limited (TSE:FFH - Free Report) - Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Fairfax Financial in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $222.25 for the year, up from their previous forecast of $208.38. The consensus estimate for Fairfax Financial's current full-year earnings is $212.30 per share. National Bank Financial also issued estimates for Fairfax Financial's Q4 2024 earnings at $62.96 EPS, Q1 2025 earnings at $60.32 EPS, Q2 2025 earnings at $55.68 EPS, Q3 2025 earnings at $53.94 EPS, FY2025 earnings at $233.37 EPS and FY2026 earnings at $243.17 EPS.

Several other brokerages have also recently commented on FFH. BMO Capital Markets raised their target price on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Scotiabank raised their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. Cormark raised their target price on Fairfax Financial from C$1,800.00 to C$2,125.00 in a research report on Monday, November 4th. National Bankshares increased their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, CIBC increased their price objective on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$2,091.67.

Fairfax Financial Stock Down 0.8 %

Shares of Fairfax Financial stock traded down C$15.30 during midday trading on Wednesday, hitting C$2,010.00. The company's stock had a trading volume of 85,525 shares, compared to its average volume of 79,436. The firm has a market capitalization of C$46.85 billion, a P/E ratio of 8.95, a PEG ratio of 0.27 and a beta of 0.83. The stock has a 50-day simple moving average of C$1,992.60 and a 200-day simple moving average of C$1,792.67. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. Fairfax Financial has a 1-year low of C$1,213.01 and a 1-year high of C$2,071.49.

Insider Buying and Selling

In other Fairfax Financial news, Director F. Brian Bradstreet sold 1,500 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$1,971.00, for a total transaction of C$2,956,500.00. Also, Director David Lloyd Johnston sold 13 shares of the firm's stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total value of C$25,725.57. Over the last ninety days, insiders sold 7,313 shares of company stock worth $4,978,234. Corporate 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.