Fairfax Financial (TSE:FFH) Stock Crosses Below 50-Day Moving Average – What’s Next?

Fairfax Financial Holdings Limited (TSE:FFH) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2,447.85 and traded as low as C$2,331.19. Fairfax Financial shares last traded at C$2,356.86, with a volume of 35,453 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FFH. National Bank Financial set a C$3,200.00 price target on shares of Fairfax Financial and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada set a C$2,200.00 target price on shares of Fairfax Financial and gave the stock an “outperform” rating in a research report on Monday, January 26th. BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$2,600.00 to C$2,500.00 in a report on Thursday, January 22nd. Scotiabank raised their price target on Fairfax Financial from C$3,050.00 to C$3,150.00 in a research note on Friday, January 30th. Finally, Raymond James Financial reduced their price objective on Fairfax Financial from C$3,050.00 to C$2,900.00 in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$2,764.29.

Fairfax Financial Stock Up 1.7%

The stock’s fifty day simple moving average is C$2,447.85 and its 200 day simple moving average is C$2,399.33. The firm has a market capitalization of C$52.15 billion, a PE ratio of 11.42, a PEG ratio of 0.27 and a beta of 0.15.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$52.04 earnings per share (EPS) for the quarter. The firm had revenue of C$17.72 billion during the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. On average, analysts predict that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current 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.