Fairfax Financial (TSE:FFH) Reaches New 52-Week High at $1,590.84

Fairfax Financial Holdings Limited (TSE:FFH)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1,590.84 and last traded at C$1,576.37, with a volume of 7851 shares. The stock had previously closed at C$1,571.13.

Analyst Ratings Changes

A number of research firms have recently issued reports on FFH. National Bankshares increased their price objective on shares of Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets raised their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a research report on Monday, May 6th. Cormark boosted their target price on shares of Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Scotiabank lowered their price target on shares of Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$1,820.83.

Fairfax Financial Trading Down 0.5 %

The company’s fifty day moving average price is C$1,537.34 and its 200-day moving average price is C$1,437.01. The stock has a market cap of C$34.11 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.27 and a beta of 0.85. The company has a debt-to-equity ratio of 37.45, a current ratio of 3.87 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$41.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$55.05 by C($13.51). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The company had revenue of C$10.36 billion during the quarter. On average, research analysts expect that Fairfax Financial Holdings Limited will post 181.6334895 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Barnard sold 439 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$1,136.00, for a total value of C$498,704.00. In related news, insider Andrew Barnard sold 439 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$1,136.00, for a total transaction of C$498,704.00. Also, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$1,564.98, for a total value of C$1,564,981.00. In the last 90 days, insiders sold 2,934 shares of company stock valued at $4,168,909. 3.65% of the stock is 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.