Fairfax Financial (OTCMKTS:FRFHF) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Fairfax Financial shares fell below their 50-day moving average of $1,755.56, trading as low as $1,699.42 during Monday's session.
• Analysts have mixed ratings on Fairfax Financial; while Royal Bank of Canada upgraded to a "moderate buy," Cormark downgraded to "hold," resulting in a consensus rating of "Moderate Buy."
• The company reported a quarterly earnings per share (EPS) of $61.61, surpassing expectations, despite a slight miss in revenue compared to analyst forecasts.

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1,755.56 and traded as low as $1,699.42. Fairfax Financial shares last traded at $1,713.69, with a volume of 9,938 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating in a report on Wednesday, June 18th. Cormark lowered Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Fairfax Financial from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,500.00.

Fairfax Financial Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.20 and a current ratio of 4.20. The company has a market cap of $39.63 billion, a price-to-earnings ratio of 8.93 and a beta of 0.83. The company has a fifty day moving average of $1,752.53 and a two-hundred day moving average of $1,627.99.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $60.25 by $1.36. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.30 billion. Fairfax Financial had a return on equity of 16.39% and a net margin of 14.68%. Equities research analysts anticipate that Fairfax Financial Holdings Ltd. will post 166.85 EPS for the current year.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.