Fairfax Financial (TSE:FFH) Stock Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Fairfax Financial shares fell below their 50-day moving average, trading as low as C$2,313.63 before last changing hands at C$2,336.33, down 1.4%.
• Analyst sentiment remains positive overall: four analysts rate the stock a Buy and three a Hold, producing a “Moderate Buy” consensus and an average price target of C$2,751.57.
• In its latest quarter, Fairfax reported C$90.05 in EPS and C$18.46 billion in revenue, alongside a 13.57% net margin and 16.94% return on equity.

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FFH shares. Raymond James Financial raised 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 report on Monday, May 4th. Royal Bank Of Canada upped 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 report on Monday, April 20th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on shares of Fairfax Financial and gave the stock a "neutral" rating in a research report on Friday, June 26th. National Bank Financial raised their target price on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Finally, BMO Capital Markets cut their target price on Fairfax Financial from C$2,550.00 to C$2,400.00 in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$2,751.57.

Fairfax Financial Stock Down 1.4%

The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 54.38. The business has a 50-day simple moving average of C$2,320.58 and a 200-day simple moving average of C$2,316.25. The stock has a market cap of C$48.52 billion, a P/E ratio of 11.47, a PEG ratio of 0.27 and a beta of 0.30.

Fairfax Financial (TSE:FFH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The company had revenue of C$18.46 billion for the quarter. Analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current year.

About Fairfax Financial

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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