Fairfax Financial Surpasses 50-Day Moving Average: Is It Time to Sell?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) has recently crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $1,395.49 and reached a peak of $1,438.28. The last trading price for Fairfax Financial shares was $1,438.28, with a trading volume of 5,513 shares.

Analyst Predictions for Fairfax Financial

A variety of analysts have provided insights into Fairfax Financial in recent reports. National Bankshares reaffirmed an "outperform" rating for the company's shares in a research report on February 3rd. Additionally, Royal Bank of Canada increased their price target for Fairfax Financial from $1,425.00 to $1,500.00, also maintaining an "outperform" rating as of November 4th.

Performance Metrics of Fairfax Financial

Currently, Fairfax Financial has a 50-day moving average of $1,395.49, while its 200-day moving average stands at $1,321.45. The company's market capitalization is approximately $32.89 billion, with a price-to-earnings (P/E) ratio of 8.93 and a beta of 0.80. Furthermore, Fairfax Financial has a debt-to-equity ratio of 0.43, a quick ratio of 2.45, and a current ratio of 3.65.

Recent Earnings Results

The financial services provider released its quarterly earnings results on February 20th, reporting earnings per share (EPS) of $50.42 for the quarter. This figure exceeded the consensus estimate of $43.72 by $6.70. Fairfax Financial displayed a return on equity of 14.43% along with a net profit margin of 12.47%. The company reported revenue of $7.74 billion, surpassing analyst expectations of $7.51 billion. Research analysts generally expect Fairfax Financial Holdings Limited to post an EPS of 166.85 for the current fiscal year.

Dividend Announcement from Fairfax Financial

The firm announced an annual dividend that was paid out on January 23rd. Shareholders who were on record as of January 16th received a dividend of $15.00 per share, which reflects a yield of 1.09%. The ex-dividend date for this dividend was on January 16th, and Fairfax Financial's dividend payout ratio is 9.31%.

Understanding Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides a range of services including property and casualty insurance, reinsurance, and investment management across various regions including the US, Canada, and Asia. The company operates in segments such as Property and Casualty Insurance, Reinsurance, Life Insurance, and Non-Insurance Companies.

Final Thoughts on Fairfax Financial's Future

It's important for potential investors to weigh their options. While the stock holds a Buy rating from analysts, there are other stocks that are getting even more attention. Those interested in up-and-coming growth stocks should research further to identify potential candidates.

Fairfax, Financial, Stock