Fairfax Financial (OTCMKTS:FRFHF) Stock Rating Upgraded by Zacks Research

Fairfax Financial (OTCMKTS:FRFHF) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

FRFHF has been the topic of several other reports. BMO Capital Markets reissued a “market perform” rating on shares of Fairfax Financial in a research note on Friday, October 16th. ATB Cormark Capital Markets upgraded shares of Fairfax Financial from a “hold” rating to a “moderate buy” rating in a report on Wednesday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Fairfax Financial Price Performance

Shares of Fairfax Financial stock traded down $32.49 during trading on Thursday, hitting $1,904.96. 5,400 shares of the stock traded hands, compared to its average volume of 5,508. The stock has a market cap of $39.62 billion, a price-to-earnings ratio of 9.75 and a beta of 0.45. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.46. Fairfax Financial has a 52 week low of $1,500.00 and a 52 week high of $1,989.00. The firm’s fifty day moving average is $1,665.51 and its 200-day moving average is $1,670.22.

Fairfax Financial (OTCMKTS:FRFHF) last released its earnings results on Tuesday, November 3rd. The financial services provider reported $43.32 earnings per share for the quarter, topping analysts’ consensus estimates of $29.47 by $13.85. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.42 billion. Fairfax Financial had a return on equity of 14.72% and a net margin of 13.83%. Research analysts expect that Fairfax Financial will post 167.80 EPS for the current fiscal year.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited is a Canadian holding company focused primarily on property and casualty insurance and reinsurance. Through its subsidiaries and affiliates, it offers commercial and personal insurance, specialty coverage and reinsurance products.

Founded in 1985 by Prem Watsa, the company is headquartered in Toronto. Its insurance and reinsurance operations serve customers and businesses in Canada, the United States and international markets.

Fairfax also manages investments for its insurance businesses and other entities.