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

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

FFH has been the subject of several research analyst reports. ATB Cormark Capital Markets lifted their price objective 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 note on Monday, February 23rd. BMO Capital Markets lowered their price objective on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. 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 note on Wednesday, April 29th. Finally, Raymond James Financial lifted their price objective on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,793.50.

Fairfax Financial Stock Up 1.2%

The firm 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. The stock’s 50 day simple moving average is C$2,297.51 and its 200 day simple moving average is C$2,364.52. The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65.

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