National Bankshares Raises Fairfax Financial (TSE:FFH) Price Target to C$1,300.00

Fairfax Financial (TSE:FFH – Get Rating) had its price objective upped by National Bankshares from C$1,200.00 to C$1,300.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on FFH. Scotiabank boosted their target price on shares of Fairfax Financial from C$995.00 to C$1,050.00 in a research note on Wednesday, January 25th. CIBC boosted their target price on shares of Fairfax Financial from C$1,050.00 to C$1,200.00 and gave the company an outperform rating in a research note on Tuesday, March 14th. Royal Bank of Canada upped their price objective on shares of Fairfax Financial from C$700.00 to C$775.00 and gave the company an outperform rating in a research note on Tuesday, February 21st. BMO Capital Markets raised shares of Fairfax Financial from a market perform rating to an overweight rating and upped their price objective for the company from C$800.00 to C$1,050.00 in a research note on Monday, January 30th. Finally, Cormark upped their price objective on shares of Fairfax Financial from C$1,000.00 to C$1,150.00 in a research note on Tuesday, February 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Fairfax Financial currently has a consensus rating of Buy and a consensus price target of C$1,087.50.

Fairfax Financial Trading Down 1.9 %

TSE:FFH opened at C$880.00 on Wednesday. The company has a market capitalization of C$19.78 billion, a PE ratio of 14.63 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 6.38 and a debt-to-equity ratio of 42.41. Fairfax Financial has a 52-week low of C$598.16 and a 52-week high of C$956.00. The stock has a fifty day simple moving average of C$879.58 and a 200-day simple moving average of C$767.99.

Fairfax Financial (TSE:FFH – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The company reported C$106.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$96.61 by C$9.73. Fairfax Financial had a return on equity of 6.18% and a net margin of 4.28%. The business had revenue of C$13.20 billion during the quarter, compared to the consensus estimate of C$11.12 billion. On average, equities research analysts expect that Fairfax Financial will post 137 earnings per share for the current fiscal year.

Fairfax Financial Increases Dividend

The company also recently announced an annual dividend, which was paid on Thursday, January 26th. Stockholders of record on Thursday, January 19th were issued a dividend of $13.415 per share. The ex-dividend date was Wednesday, January 18th. This represents a dividend yield of 1.66%. This is a boost from Fairfax Financial’s previous annual dividend of $12.78. Fairfax Financial’s payout ratio is presently 22.24%.

Insider Transactions at Fairfax Financial

In other news, Director F. Brian Bradstreet bought 1,900 shares of the firm’s stock in a transaction dated Thursday, December 29th. The stock was acquired at an average price of C$18.30 per share, for a total transaction of C$34,770.00. Following the acquisition, the director now owns 1,900 shares of the company’s stock, valued at C$34,770. Company insiders own 10.80% of the company’s stock.

Fairfax Financial Company Profile

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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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.