Fairfax Financial (TSE:FFH) Share Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Shares crossed above the 50‑day moving average: Fairfax stock moved above its 50‑day SMA of C$2,318.18, trading as high as C$2,372.88 and last at C$2,370.32 on volume of 203,119 shares (about +2.4%).
• Analyst sentiment has firmed to a consensus "Moderate Buy" with a consensus target of C$2,743.75 (four Buy, three Hold); notable targets include National Bank C$3,200 and Scotiabank C$3,150.
• Key fundamentals: market cap C$50.84B, P/E 11.09, P/E/G 0.27, recent quarter EPS C$79.02 on revenue C$17.53B, with ROE 18.62% and net margin 15.70%.

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2,318.18 and traded as high as C$2,372.88. Fairfax Financial shares last traded at C$2,370.32, with a volume of 203,119 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FFH shares. Scotiabank raised their price target on Fairfax Financial from C$3,050.00 to C$3,150.00 in a report on Friday, January 30th. National Bank Financial set a C$3,200.00 price objective on Fairfax Financial and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. ATB Cormark Capital Markets increased their target price on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a "sector perform" rating in a report on Monday, February 23rd. BMO Capital Markets lowered Fairfax Financial from an "outperform" rating to a "hold" rating and lowered their target price for the company from C$2,600.00 to C$2,500.00 in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada set a C$2,200.00 price target on shares of Fairfax Financial and gave the stock an "outperform" rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$2,743.75.

Fairfax Financial Trading Up 2.4%

The firm has a fifty day simple moving average of C$2,318.18 and a 200-day simple moving average of C$2,384.76. The stock has a market cap of C$50.84 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 0.27 and a beta of 0.39.

Fairfax Financial (TSE:FFH - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported C$79.02 EPS for the quarter. The company had revenue of C$17.53 billion during the quarter. Fairfax Financial had a return on equity of 18.62% and a net margin of 15.70%. On average, equities analysts predict that Fairfax Financial Holdings Limited will post 212.3039807 earnings per share for the current fiscal year.

Fairfax Financial Company Profile

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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