Fairfax Financial (OTCMKTS:FRFHF) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Fairfax Financial Holdings Ltd. shares fell below their 50-day moving average, closing at $1,702.00 after trading as low as $1,697.87.
• Analysts have modified their ratings on Fairfax Financial, with Cormark downgrading the stock to a "hold" while Royal Bank Of Canada upgraded it to a "moderate buy."
• The company reported $61.61 EPS in its last quarterly earnings, exceeding expectations, while projecting 166.85 EPS for the current fiscal year.

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 $1,763.14 and traded as low as $1,697.87. Fairfax Financial shares last traded at $1,702.00, with a volume of 3,247 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Cormark lowered shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 6th. National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a report on Wednesday, April 30th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a report on Monday, May 5th. Wall Street Zen lowered shares of Fairfax Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Royal Bank Of Canada raised shares of Fairfax Financial to a "moderate buy" rating in a report on Wednesday, June 18th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Fairfax Financial currently has an average rating of "Moderate Buy" and a consensus price target of $1,500.00.

Fairfax Financial Trading Up 0.9%

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 capitalization of $39.04 billion, a price-to-earnings ratio of 8.74 and a beta of 0.79. The business's 50-day simple moving average is $1,766.08 and its 200-day simple moving average is $1,581.25.

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