RBC Capital Keeps Their Buy Rating on Fairfax Financial Holdings (FRFHF)

In a report released on December 15, Bart Dziarski from RBC Capital maintained a Buy rating on Fairfax Financial Holdings, with a price target of $2,200.00. The company’s shares closed yesterday at C$2,496.72.

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Dziarski covers the Financial sector, focusing on stocks such as IGM Financial, Power Corp of Canada, and Brookfield Corporation. According to TipRanks, Dziarski has an average return of 4.4% and a 59.57% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fairfax Financial Holdings with a $2,102.52 average price target.

Based on Fairfax Financial Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$8.02 billion and a net profit of C$1.44 billion. In comparison, last year the company earned a revenue of C$6.8 billion and had a net profit of C$915.4 million

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FRFHF in relation to earlier this year.