On December 29, F. Brian Bradstreet, a director at Fairfax Financial Holdings Limited (TSE: FFH), purchased 1,900 shares. It costs $34,770.00 to purchase the shares, an average price of $18.30 per share. The director now owns 1,900 shares due to the acquisition, and the value of those shares at the company’s stock price on December 29 is the current market value. It costs $34,770.00 to purchase the shares, an average price of $18.30 per share. As a result of the acquisition, the director now owns 1,900 shares, which have an estimated value of 34,770 dollars based on the current market.
The results of the most recent quarterly earnings report for Fairfax Financial (TSE: FFH) were made public on Thursday, November 3, 2018. The company reported profits of 4.76 Canadian dollars per share for the quarter, which was $3120 more than the consensus projection of 35.96 Canadian dollars per share. The company reported 4.76 Canadian dollars per share, $3120 higher than the consensus estimate of 35.96 Canadian dollars. The revenue for the quarter came in at a significantly higher amount of C$8.93 billion than the forecasted amount of C$8.50 billion that analysts provided. According to the projections made by market analysts, there will be 115.4199933 cents worth of profits generated per share by Fairfax Financial Holdings Limited in 2018.
Recent studies have focused their attention on FFH, resulting in multiple investigations into the phenomenon. Cormark stated its intention to raise its price target for Fairfax Financial from $860.00 to $900.00 in a research note published on November 7. In a report distributed on Friday, November 4, Canadian Imperial Bank of Commerce (CIBC) increased their “outperform” rating on Fairfax Financial and increased their price objective on the stock from $900.00 to $950.00. Both of these changes resulted from the fact that they raised their price objective on the stock. In a report made public on Wednesday, October 12, Royal Bank of Canada lowered their “outperform” rating and their price objective on shares of Fairfax Financial, which had previously been set at C$725.00. The new price objective is $700.00. Finally, the price objective that Scotiabank has set for the common shares of Fairfax Financial has increased from C$910.00 to C$995.00, as stated in a report that was made public on Monday, November 7. In the previous iteration, the price target was established at $910.00. BMO Capital Markets increased their price objective on Fairfax Financial shares from C$780.00 to C$800.00 in a research report published on Friday, November 4. The report included several other instances of price targets going up in addition to this one.
Fairfax Financial’s share price fell by C$1.11 on Friday, bringing its final price to C$802.07 per share. The number of traded shares was 17,630, which is significantly lower than the daily average of 57,990 shares. The company’s market value is 18.81 billion Canadian dollars, and its price-to-earnings ratio is 33.89. During the past year, the share price of Fairfax Financial Holdings Limited has fluctuated between a low of $569.62 and a high of $815.01, with a low of $569.62 serving as the point of the lowest value. The quick ratio is 0.93, the current ratio is 1.80, and the debt-to-equity ratio is 45. All of these numbers are expressed as a percentage. Therefore, every one of these figures is presented as a percentage. The moving average price of the stock over the past 50 days is 750.49 Canadian dollars, while the moving average price over the past 200 days is 690.20 Canadian dollars.
Through its subsidiaries, Fairfax Financial Holdings Limited offers various services, such as property and liability insurance, reinsurance, and investment management, in several countries and regions worldwide. These countries and regions include the United States of America, Canada, Asia, and other places. The corporation can be divided into three distinct divisions: the run-off, the non-insurance companies, and the insurance and reinsurance divisions.
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