Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) was upgraded by equities researchers at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a report issued on Wednesday, Zacks reports.
A number of other analysts have also recently weighed in on the company. Zacks Research cut Fairfax Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Fairfax Financial in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fairfax Financial currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on FRFHF
Fairfax Financial Stock Up 11.6%
Shares of OTCMKTS:FRFHF opened at $1,974.00 on Wednesday. The firm has a market capitalization of $41.05 billion, a PE ratio of 10.10 and a beta of 0.45. Fairfax Financial has a 1 year low of $1,500.00 and a 1 year high of $1,989.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.60 and a quick ratio of 3.60. The firm’s 50-day moving average is $1,654.12 and its two-hundred day moving average is $1,668.52.
Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) last released its earnings results on Tuesday, November 3rd. The financial services provider reported $43.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $29.47 by $13.85. Fairfax Financial had a return on equity of 13.90% and a net margin of 12.94%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.42 billion. Analysts predict that Fairfax Financial will post 154.87 EPS for the current year.
Fairfax Financial Company Profile
Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, institutions, and individuals.
Fairfax’s insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.
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