Fairfax Financial (OTCMKTS:FRFHF) Cut to "Buy" at Wall Street Zen

Key Points

• Fairfax Financial has been downgraded by analysts at Wall Street Zen from a "strong-buy" to a "buy" rating in a recent report.
• The company reported earnings of $61.61 per share, exceeding analysts' expectations, with a total revenue of $9.18 billion for the last quarter.
• Fairfax Financial's current consensus rating remains a "Buy" with an average target price of $1,500.00.

Wall Street Zen lowered shares of Fairfax Financial (OTCMKTS:FRFHF - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada raised Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Monday, May 5th. National Bankshares restated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Finally, Raymond James Financial upgraded shares of Fairfax Financial to a "moderate buy" rating in a report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,500.00.

Fairfax Financial Stock Up 0.4%

Fairfax Financial stock traded up $7.24 during mid-day trading on Friday, hitting $1,744.21. The company's stock had a trading volume of 1,894 shares, compared to its average volume of 4,989. The company has a market cap of $39.47 billion, a PE ratio of 8.84 and a beta of 0.79. Fairfax Financial has a 52-week low of $1,042.91 and a 52-week high of $1,833.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.20 and a quick ratio of 4.20. The firm's 50 day moving average is $1,759.97 and its 200 day moving average is $1,565.71.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $61.61 EPS for the quarter, beating the consensus estimate of $60.25 by $1.36. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. The business had revenue of $9.18 billion for the quarter, compared to analysts' expectations of $9.30 billion. On average, analysts anticipate that Fairfax Financial will post 166.85 earnings per share for the current year.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.