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

Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$2,327.63 and traded as low as C$2,220.19. Fairfax Financial shares last traded at C$2,280.80, with a volume of 63,892 shares changing hands.

Analyst Upgrades and Downgrades

FFH has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Raymond James Financial increased their price target 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. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on shares of Fairfax Financial and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, National Bank Financial increased their target price on shares of 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$2,751.57.

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Fairfax Financial Price Performance

The firm has a market cap of C$47.17 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.27 and a beta of 0.30. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38. The company has a 50 day moving average price of C$2,328.26 and a 200 day moving average price of C$2,314.42.

Fairfax Financial (TSE:FFH – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The business had revenue of C$18.46 billion for the quarter. On average, sell-side analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current year.

Fairfax Financial Company Profile

(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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