BMO Capital Markets Increases Price Target for Fairfax Financial

BMO Capital Markets has raised its price target for Fairfax Financial (TSE:FFH) from C$1,850.00 to C$2,200.00, according to a research report released on Monday. This new target suggests a potential upside of 20.71% based on the stock's previous closing price.

Apart from BMO Capital Markets, several other analysts have also shared their insights regarding Fairfax Financial. Royal Bank of Canada recently adjusted its price target from C$1,325.00 to C$1,425.00, rating the stock as "outperform" in a report dated October 3rd. In a separate note, National Bankshares raised its price objective from C$2,100.00 to C$2,200.00, maintaining an "outperform" rating as of October 30th. Similarly, Scotiabank increased its price target on Monday from C$2,100.00 to C$2,200.00. Additionally, Cormark adjusted its target upwards from C$1,800.00 to C$2,125.00 in a report issued on the same day.

Current Stock Performance of Fairfax Financial

On Monday, shares of Fairfax Financial decreased by 3.5%, trading down C$65.51 to reach C$1,822.53. During midday trading, the company saw a volume of 26,819 shares exchanged, which is lower than its average volume of 54,450. The stock has a 50-day moving average of C$1,681.82 and a 200-day moving average of C$1,587.94. Over the past year, Fairfax Financial's stock has experienced a low of C$1,171.70 and a high of C$1,890.36. The company boasts a market capitalization of C$42.48 billion with a price-to-earnings (P/E) ratio of 8.15 and a beta of 0.83. Other financial ratios include a quick ratio of 0.93 and a debt-to-equity ratio of 40.13.

The last quarterly earnings report for Fairfax Financial was released on August 1st, where the company reported earnings per share of C$50.87, which was slightly below analysts' expectations of C$51.23 by C($0.36). Revenues for the quarter were reported at C$10.25 billion. Fairfax Financial maintains a net margin of 12.27% and a return on equity of 17.91%. Looking ahead, analysts predict that Fairfax Financial will achieve an average earnings per share of 212.30 for the current year.

Insider Trading Activities

In recent insider trading news, Director Brian David Young disposed of 4,280 shares of Fairfax Financial on August 30th, receiving an average price of C$1,617.96, culminating in a total transaction value of approximately C$6,924,875.22. Furthermore, another insider, Senior Officer Olivier Elie Quesnel, sold 173 shares on August 15th for an average price of C$1,566.13, resulting in a transaction worth C$270,940.49. Following these transactions, the insider holds 202 shares valued at about C$316,358.26. In total, insiders have sold 6,953 shares over the past three months for an approximate sum of C$11,304,176, with corporate insiders presently owning 3.76% of the company's stock.

About Fairfax Financial

Fairfax Financial Holdings Limited operates primarily in property and casualty insurance and reinsurance, alongside investment management services within the United States, Canada, Asia, and internationally. The company is structured into different segments including Property and Casualty Insurance and Reinsurance, Life Insurance and Run-off, as well as Non-Insurance Companies.

BMO, Financial, Analysts