Fairfax Financial (TSE:FFH) Shares Cross Below 50 Day Moving Average – Should You Sell?

Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2,320.58 and traded as low as C$2,313.63. Fairfax Financial shares last traded at C$2,336.33, with a volume of 66,940 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James Financial increased their price target on 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. National Bank Financial raised their price target on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the company a “neutral” rating in a report on Friday, June 26th. Royal Bank Of Canada raised their price objective 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 note on Monday, April 20th. Finally, BMO Capital Markets decreased their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$2,751.57.

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Fairfax Financial Price Performance

The stock has a market capitalization of C$47.85 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.27 and a beta of 0.30. The company has a debt-to-equity ratio of 54.38, a quick ratio of 0.93 and a current ratio of 2.03. The stock has a 50-day simple moving average of C$2,325.81 and a 200 day simple moving average of C$2,315.30.

Fairfax Financial (TSE:FFH – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share for the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%.The company had revenue of C$18.46 billion during the quarter. On average, equities analysts forecast that Fairfax Financial Holdings Limited will post 212.3039807 earnings per share for the current fiscal year.

About Fairfax Financial

(Get Free Report)

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

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