ATB Cormark Capital Markets Upgrades Fairfax Financial (OTCMKTS:FRFHF) to “Moderate Buy”

Fairfax Financial (OTCMKTS:FRFHF) was upgraded by analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

FRFHF has been the topic of a number of other research reports. Zacks Research downgraded Fairfax Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Fairfax Financial in a research note on Friday, October 16th. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Fairfax Financial Stock Performance

Shares of FRFHF opened at $1,974.00 on Wednesday. The stock has a market capitalization of $41.05 billion, a PE ratio of 10.10 and a beta of 0.45. The business’s fifty day moving average price is $1,654.12 and its 200 day moving average price is $1,668.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.60 and a quick ratio of 3.60. Fairfax Financial has a 12-month low of $1,500.00 and a 12-month high of $1,989.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $43.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $29.47 by $13.85. Fairfax Financial had a return on equity of 13.90% and a net margin of 12.94%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.42 billion. Equities research analysts forecast that Fairfax Financial will post 154.87 EPS for the current year.

About Fairfax Financial

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.