Fairfax Financial (OTCMKTS:FRFHF) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1,694.55 and traded as high as $1,720.00. Fairfax Financial shares last traded at $1,699.00, with a volume of 6,122 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FRFHF shares. BMO Capital Markets lowered Fairfax Financial from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 21st. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Friday, January 30th. Finally, Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Fairfax Financial presently has an average rating of “Moderate Buy”.

Fairfax Financial Stock Performance

The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $1,695.06 and a 200 day moving average of $1,724.30. The company has a market cap of $36.90 billion, a P/E ratio of 7.94 and a beta of 0.58.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings results on Thursday, February 19th. The financial services provider reported $57.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $55.45 by $2.12. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.62 billion. Fairfax Financial had a return on equity of 16.29% and a net margin of 15.10%. On average, analysts predict that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current fiscal year.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.