Fairfax Financial (TSE:FFH) Stock Price Up 0.8% - Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH) saw its shares rise by 0.8% during trading on Friday. The stock reached a peak of C$2,056.98 before closing at C$2,056.00. In total, approximately 43,857 shares were traded, marking a decrease of 40% from its average daily volume of 73,181 shares. The previous closing price was C$2,039.99.

Wall Street Analyst Opinions

Analyst Ratings

Several research analysts have shared their insights on Fairfax Financial shares. CIBC raised its price target for the stock from C$2,200.00 to C$2,400.00, giving it an "outperform" rating. This update was published on January 30th. Similarly, BMO Capital Markets raised its price target from C$1,850.00 to C$2,200.00 in early November, while Scotiabank made a similar adjustment from C$2,100.00 to C$2,200.00 on the same day. Moreover, Cormark has updated its target from C$2,125.00 to C$2,250.00 as of February 18th.

Performance Overview

Stock Outlook

Currently, the stock’s fifty-day moving average stands at C$2,003.29, while its 200-day moving average is C$1,839.42. Fairfax Financial has a market capitalization of C$33.36 billion, a price-to-earnings (P/E) ratio of 7.96, a P/E growth (P/E/G) ratio of 0.27, and a beta value of 0.83, indicating its relative volatility compared to the market.

Insider Transactions

Recent Insider Activity

In recent news, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial on February 18th at an average price of C$2,104.88, totaling C$210,488.00. Conversely, Director R. William McFarland sold 4,800 shares on December 4th at an average price of C$25.21, amounting to C$121,008.00 for the transaction. In the last quarter, insiders bought 111 shares valued at $232,454. It is noteworthy that insiders hold 3.76% of the company’s shares.

Company Insights

About Fairfax Financial

Fairfax Financial Holdings Limited operates through its subsidiaries to offer property and casualty insurance, reinsurance, and investment management services across the United States, Canada, Asia, and globally. The company functions through several segments, including Property and Casualty Insurance, Life Insurance and Run-off, as well as Non-Insurance Companies.

Considerations for Potential Investors

Before considering an investment in Fairfax Financial, it’s essential to review broader market trends and analyst recommendations. While the company currently has a Buy rating among analysts, there are indications that other stocks may offer better opportunities at this time.

For instance, MarketBeat tracks top analysts and their recommended stocks. According to their analysis, five stocks stand out with recommendations, and Fairfax Financial is not among them. Potential investors should evaluate these alternatives.

For those interested in the energy sector, it is worth noting that nuclear energy stocks are performing exceptionally well, with companies like Cameco Corp, Paladin Energy, and BWX Technologies seeing gains of over 40% in 2024. As market dynamics change, several nuclear energy stocks could see further growth in the upcoming months.

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