Fairfax Financial (OTCMKTS:FRFHF) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1,395.49 and traded as high as $1,438.28. Fairfax Financial shares last traded at $1,438.28, with a volume of 5,513 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price target on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Fairfax Financial Stock Performance

The firm has a 50 day moving average of $1,395.49 and a two-hundred day moving average of $1,321.45. The stock has a market cap of $32.89 billion, a P/E ratio of 8.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $50.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $43.72 by $6.70. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. The firm had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.51 billion. On average, research analysts predict that Fairfax Financial Holdings Limited will post 166.85 EPS for the current fiscal year.

Fairfax Financial Announces Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were paid a dividend of $15.00 per share. This represents a yield of 1.09%. The ex-dividend date of this dividend was Thursday, January 16th. Fairfax Financial’s dividend payout ratio is 9.31%.

Fairfax Financial Company Profile

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.