Fairfax Financial (TSE:FFH) Hits New 52-Week High – Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1,757.99 and last traded at C$1,753.29, with a volume of 2839 shares traded. The stock had previously closed at C$1,754.31.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank upped their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$1,854.17.

Fairfax Financial Price Performance

The stock has a market capitalization of C$41.03 billion, a PE ratio of 7.98, a PEG ratio of 0.27 and a beta of 0.83. The firm’s fifty day moving average price is C$1,626.52 and its two-hundred day moving average price is C$1,566.59. 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 (TSE:FFH) last released its quarterly earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing the consensus estimate of C$51.23 by C($0.36). The business had revenue of C$10.25 billion during the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. On average, equities analysts predict that Fairfax Financial Holdings Limited will post 210.3600973 earnings per share for the current year.

Insiders Place Their Bets

In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the completion of the transaction, the insider now directly owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the completion of the transaction, the insider now directly owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their position. Also, Director F. Brian Bradstreet sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of C$1,629.00, for a total value of C$814,500.00. In the last 90 days, insiders have sold 6,953 shares of company stock worth $11,304,176. Company insiders own 3.75% 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.