Fairfax Financial (OTCMKTS:FRFHF) Downgraded to “Hold” Rating by Zacks Research

Fairfax Financial (OTCMKTS:FRFHF) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Fairfax Financial Stock Performance

OTCMKTS FRFHF opened at $1,575.48 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of 7.79 and a beta of 0.48. The company’s fifty day moving average is $1,673.76 and its two-hundred day moving average is $1,720.91. Fairfax Financial has a 52-week low of $1,500.00 and a 52-week high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $31.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $36.17 by ($5.06). The company had revenue of $7.82 billion during the quarter, compared to analyst estimates of $8.62 billion. Fairfax Financial had a return on equity of 15.05% and a net margin of 14.16%. Equities research analysts forecast that Fairfax Financial will post 183.35 EPS for the current year.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.