Fairfax Financial (TSE:FFH) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 Upgrades and Downgrades

A number of equities analysts recently issued reports on FFH shares. National Bank Financial raised their price objective on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday, April 29th. Raymond James Financial upped their target price on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Royal Bank Of Canada increased their price target 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. BMO Capital Markets dropped their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Finally, ATB Cormark Capital Markets boosted 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 report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fairfax Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,793.50.

Fairfax Financial Stock Performance

The business has a 50-day simple moving average of C$2,286.08 and a 200 day simple moving average of C$2,358.45. The company has a debt-to-equity ratio of 54.00, a current ratio of 2.65 and a quick ratio of 0.93. The firm has a market cap of C$46.74 billion, a PE ratio of 11.21, a PEG ratio of 0.27 and a beta of 0.36.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$43.25 earnings per share for the quarter. The firm had revenue of C$15.57 billion for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%. Equities research analysts forecast 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.