Fairfax Financial (OTCMKTS:FRFHF) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Fairfax Financial (OTCMKTS:FRFHF) from a hold rating to a moderate buy rating in a research report report published on Wednesday,Zacks reports.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets reissued a “market perform” rating on shares of Fairfax Financial in a research report on Friday, October 16th. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Finally, Zacks Research lowered Fairfax Financial from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Fairfax Financial Stock Down 1.7%

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

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