Fairfax Financial Holdings Limited (OTCMKTS:FRFHF – Get Rating)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $584.19 and traded as high as $611.83. Fairfax Financial shares last traded at $606.08, with a volume of 2,893 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on FRFHF. Royal Bank of Canada lowered their price target on shares of Fairfax Financial from $725.00 to $700.00 in a research report on Wednesday, October 12th. Scotiabank lifted their price target on shares of Fairfax Financial from C$910.00 to C$995.00 in a research report on Monday, November 7th. Finally, BMO Capital Markets lifted their price target on shares of Fairfax Financial from C$780.00 to C$800.00 in a research report on Friday, November 4th.
Fairfax Financial Stock Performance
The firm’s 50-day moving average price is $584.19 and its 200 day moving average price is $529.59. The company has a market cap of $14.91 billion, a price-to-earnings ratio of -194.88 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.18 and a current ratio of 6.18.
Fairfax Financial Announces Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 19th will be paid a dividend of $10.00 per share. This represents a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 18th. Fairfax Financial’s payout ratio is -321.54%.
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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.
- Get a free copy of the StockNews.com research report on Fairfax Financial (FRFHF)
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