Fairfax Financial (TSE:FFH) Sets New 1-Year High – Still a Buy?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$2,393.06 and last traded at C$2,392.64, with a volume of 9527 shares traded. The stock had previously closed at C$2,355.55.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cormark increased their price target on Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday, May 5th. National Bankshares upped their price target on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. BMO Capital Markets lifted their target price on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a research note on Monday, May 5th. CIBC upped their price target on Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Finally, Raymond James Financial set a C$2,600.00 price target on shares of Fairfax Financial and gave the company an “outperform” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$2,446.43.

Fairfax Financial Price Performance

The company has a market cap of C$38.75 billion, a P/E ratio of 9.25, a PEG ratio of 0.27 and a beta of 0.83. The firm’s 50-day moving average is C$2,206.46 and its two-hundred day moving average is C$2,074.95.

Insider Transactions at Fairfax Financial

In related news, insider Andrew Barnard sold 500 shares of Fairfax Financial stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of C$2,274.20, for a total transaction of C$1,137,100.00. Also, Director F. Brian Bradstreet sold 200 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$2,279.00, for a total transaction of C$455,800.00. Insiders have sold a total of 1,427 shares of company stock worth $3,244,167 in the last three months. Insiders own 3.76% of the company’s stock.

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.