Fairfax Financial (TSE:FFH) Stock Price Crosses Below Fifty Day Moving Average of $1,515.39

Fairfax Financial Holdings Limited (TSE:FFHGet Free Report)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1,515.39 and traded as low as C$1,512.53. Fairfax Financial shares last traded at C$1,532.67, with a volume of 42,815 shares trading hands.

Analysts Set New Price Targets

FFH has been the subject of a number of research analyst reports. National Bankshares raised their price target on Fairfax Financial from C$2,000.00 to C$2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets raised their price objective on Fairfax Financial from C$1,650.00 to C$1,800.00 in a report on Monday, May 6th. Royal Bank of Canada raised their price objective on Fairfax Financial from C$1,200.00 to C$1,275.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Scotiabank reduced their price objective on Fairfax Financial from C$2,000.00 to C$1,950.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Finally, Cormark raised their price objective on Fairfax Financial from C$1,600.00 to C$1,800.00 in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$1,820.83.

Get Our Latest Report on Fairfax Financial

Fairfax Financial Trading Up 0.1 %

The company has a 50 day moving average of C$1,515.39 and a two-hundred day moving average of C$1,393.60. The company has a debt-to-equity ratio of 37.45, a quick ratio of 0.93 and a current ratio of 3.87. The stock has a market capitalization of C$33.43 billion, a PE ratio of 7.29, a P/E/G ratio of 0.27 and a beta of 0.85.

Fairfax Financial (TSE:FFHGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$41.54 earnings per share for the quarter, missing the consensus estimate of C$55.05 by C($13.51). Fairfax Financial had a return on equity of 17.26% and a net margin of 12.26%. The business had revenue of C$10.36 billion for the quarter. Sell-side analysts predict that Fairfax Financial Holdings Limited will post 181.6334895 EPS for the current year.

Insider Buying and Selling

In other Fairfax Financial news, insider Andrew Barnard sold 2,572 shares of Fairfax Financial stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$1,120.68, for a total transaction of C$2,882,388.96. In related news, Director Brian Johnston Porter acquired 100 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of C$1,509.40 per share, with a total value of C$150,940.00. Following the acquisition, the director now directly owns 950 shares in the company, valued at approximately C$1,433,930. Also, insider Andrew Barnard sold 2,572 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$1,120.68, for a total value of C$2,882,388.96. Insiders have sold a total of 5,280 shares of company stock worth $6,621,028 in the last ninety days. 3.65% of the stock is owned by insiders.

Fairfax Financial Company Profile

(Get Free Report)

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.

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