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

Fairfax Financial (OTCMKTS:FRFHF) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other equities research analysts have also recently commented on FRFHF. Canadian Imperial Bank of Commerce initiated coverage on Fairfax Financial in a research note on Friday, June 26th. They set a “neutral” rating for the company. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Fairfax Financial Stock Performance

Shares of OTCMKTS:FRFHF opened at $1,564.90 on Monday. The stock has a market capitalization of $32.58 billion, a P/E ratio of 7.67 and a beta of 0.45. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. Fairfax Financial has a 1-year low of $1,500.00 and a 1-year high of $1,949.00. The business has a 50-day moving average price of $1,631.31 and a two-hundred day moving average price of $1,652.40.

About Fairfax Financial

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its subsidiaries and associated companies, Fairfax provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.

The company operates through a portfolio of insurance businesses in Canada, the United States, Europe, and other international markets. Its insurance interests have included Northbridge Financial, Crum & Forster, Odyssey Group, Allied World, Brit Insurance, and Eurolife, among others.