Fairfax Financial (TSE:FFH) Share Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Fairfax Financial Holdings Limited (TSE:FFH) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$2,286.08 and traded as low as C$2,256.11. Fairfax Financial shares last traded at C$2,266.05, with a volume of 45,811 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial boosted 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 report on Monday, May 4th. National Bank Financial lifted their price objective on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a research report on Wednesday, April 29th. ATB Cormark Capital Markets increased their target price on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. BMO Capital Markets cut their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their price target on 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 assigned a Hold rating to the stock. According to data from MarketBeat, Fairfax Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$2,793.50.

Fairfax Financial Stock Down 1.2%

The company has a current ratio of 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00. The business’s 50-day simple moving average is C$2,282.87 and its 200-day simple moving average is C$2,357.62. The company has a market capitalization of C$46.20 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.27 and a beta of 0.36.

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

About Fairfax Financial

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