Fairfax Financial (OTCMKTS:FRFHF) Downgraded by Wall Street Zen to Buy

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.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

FRFHF has been the subject of a number of other research reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Monday, May 5th. Raymond James Financial raised shares of Fairfax Financial to a "moderate buy" rating in a research report on Thursday, April 10th. Royal Bank Of Canada raised shares of Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Fairfax Financial currently has a consensus rating of "Buy" and an average target price of $1,500.00.

Fairfax Financial Trading Down 1.7%

OTCMKTS FRFHF traded down $29.32 on Friday, hitting $1,744.94. 6,921 shares of the stock were exchanged, compared to its average volume of 3,934. Fairfax Financial has a 52-week low of $1,027.00 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 company has a market capitalization of $39.49 billion, a price-to-earnings ratio of 8.84 and a beta of 0.79. The company's 50-day moving average price is $1,756.11 and its two-hundred day moving average price is $1,560.57.

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

Fairfax Financial Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.