Fairfax Financial (OTCMKTS:FRFHF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) passed above its 50 day moving average during trading on Friday . The stock has a 50 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FRFHF shares. National Bankshares restated an “outperform” rating on shares of Fairfax Financial in a 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 stock an “outperform” rating in a research report on Monday, November 4th.

Fairfax Financial Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The stock’s 50-day simple moving average is $1,396.39 and its two-hundred day simple moving average is $1,323.82. The stock has a market cap of $32.89 billion, a price-to-earnings ratio of 8.93 and a beta of 0.80.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, topping the consensus estimate of $43.72 by $6.70. The business had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. Analysts forecast that Fairfax Financial Holdings Limited will post 166.85 earnings per share for the current year.

Fairfax Financial Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were given a dividend of $15.00 per share. This represents a yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial’s dividend payout ratio (DPR) is currently 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.