Fairfax Financial (TSE:FFH) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FFH. Scotiabank upped their price target on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research report on Friday, January 30th. Royal Bank Of Canada set a C$2,200.00 price objective on shares of Fairfax Financial and gave the stock an “outperform” rating in a research report on Monday, January 26th. BMO Capital Markets downgraded Fairfax Financial from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$2,600.00 to C$2,500.00 in a report on Thursday, January 22nd. ATB Cormark Capital Markets lifted their target price on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, National Bank Financial set a C$3,200.00 target price on Fairfax Financial and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$2,743.75.

Fairfax Financial Trading Up 0.7%

The company has a market cap of C$50.69 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.27 and a beta of 0.39. The firm’s 50 day moving average price is C$2,316.66 and its 200-day moving average price is C$2,384.49.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$79.02 earnings per share for the quarter. Fairfax Financial had a net margin of 15.70% and a return on equity of 18.62%. The business had revenue of C$17.53 billion during the quarter. 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.