Fairfax Financial (TSE:FFH) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2,297.51 and traded as low as C$2,248.46. Fairfax Financial shares last traded at C$2,279.69, with a volume of 22,808 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on FFH shares. ATB Cormark Capital Markets lifted their target price on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. National Bank Financial lifted their target price on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a research report on Wednesday, April 29th. Raymond James Financial lifted their target price on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. BMO Capital Markets cut their target price on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. Finally, Royal Bank Of Canada lifted their target price on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,793.50.

Fairfax Financial Trading Up 1.2%

The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65. The firm’s fifty day simple moving average is C$2,297.51 and its 200-day simple moving average is C$2,364.52. The stock has a market cap of C$47.02 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.27 and a beta of 0.36.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 15.41% and a return on equity of 17.32%. The firm had revenue of C$15.57 billion during the quarter. Equities research analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current fiscal year.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.