Fairfax Financial (OTCMKTS:FRFHF) Hits New 52-Week High - What's Next?

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $1,833.48 and last traded at $1,804.00, with a volume of 623 shares changing hands. The stock had previously closed at $1,795.46.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FRFHF. National Bankshares reiterated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. Raymond James Financial upgraded Fairfax Financial to a "moderate buy" rating in a research report on Thursday, April 10th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Fairfax Financial in a research report on Monday, May 5th.

Fairfax Financial Stock Up 0.4%

The stock has a market cap of $40.82 billion, a PE ratio of 10.43 and a beta of 0.77. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $1,689.82 and a 200-day moving average price of $1,508.03.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $42.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $31.92 by $10.78. Fairfax Financial had a return on equity of 14.90% and a net margin of 13.10%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.76 billion. As a group, analysts forecast that Fairfax Financial Holdings Ltd. 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.