Fairfax Financial (TSE:FFH) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Fairfax Financial Holdings Limited (TSE:FFH) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2,303.16 and traded as low as C$2,237.90. Fairfax Financial shares last traded at C$2,244.95, with a volume of 143,165 shares.

Analyst Ratings Changes

FFH has been the subject of a number of research analyst reports. National Bank Financial increased their price target on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the company a “neutral” rating in a research report on Friday, June 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Fairfax Financial presently has an average rating of “Moderate Buy” and an average price target of C$2,751.57.

Fairfax Financial Trading Down 2.6%

The stock’s 50 day simple moving average is C$2,303.16 and its two-hundred day simple moving average is C$2,307.01. The stock has a market capitalization of C$46.63 billion, a PE ratio of 11.02, a PEG ratio of 0.27 and a beta of 0.31. The company has a debt-to-equity ratio of 54.38, a current ratio of 2.03 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share (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 during the quarter. On average, sell-side analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current 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.