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

Zacks Research upgraded shares of Fairfax Financial (OTCMKTS:FRFHF) from a strong sell rating to a hold rating in a research report report published on Thursday morning,Zacks reports.

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

Fairfax Financial Stock Down 1.7%

Shares of FRFHF traded down $32.49 during trading hours on Thursday, hitting $1,904.96. 5,400 shares of the company were exchanged, compared to its average volume of 5,508. The company has a market cap of $39.62 billion, a PE ratio of 9.75 and a beta of 0.45. The firm’s 50 day moving average is $1,665.51 and its 200-day moving average is $1,670.22. Fairfax Financial has a 52 week low of $1,500.00 and a 52 week high of $1,989.00. 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 quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $43.32 EPS for the quarter, beating analysts’ consensus estimates of $29.47 by $13.85. Fairfax Financial had a return on equity of 14.72% and a net margin of 13.83%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities research analysts forecast 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.