Fairfax Financial (OTCMKTS:FRFHF) Upgraded to “Hold” at Zacks Research

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

A number of other research analysts have also weighed in on the company. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating on shares of Fairfax Financial in a research report on Friday, October 16th. Finally, ATB Cormark Capital Markets raised Fairfax Financial from a “hold” rating to a “moderate buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Fairfax Financial has an average rating of “Hold”.

Fairfax Financial Stock Performance

Shares of Fairfax Financial stock opened at $1,904.96 on Thursday. The company has a market cap of $39.62 billion, a PE 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. The business has a 50 day moving average price of $1,665.51 and a 200-day moving average price of $1,670.22. Fairfax Financial has a 52 week low of $1,500.00 and a 52 week 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 for the quarter, topping the consensus estimate of $29.47 by $13.85. The company had revenue of $9.11 billion for 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%. Equities analysts anticipate 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.