Fairfax Financial (OTCMKTS:FRFHF) Shares Gap Up - What's Next?

Key Points

• Fairfax Financial Holdings Ltd. shares gapped up from a previous close of $1,646.52 to open at $1,741.87, and last traded at $1,667.12, with a trading volume of 80 shares.
• The company received mixed ratings from analysts, with Scotiabank and Raymond James maintaining an "outperform" rating, while Cormark downgraded it to a "hold." The average price target is set at $1,500.00.
• Fairfax Financial reported a quarterly EPS of $61.61, surpassing expectations of $60.25, but with revenue falling short at $9.18 billion against a forecast of $9.30 billion.

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $1,646.52, but opened at $1,741.87. Fairfax Financial shares last traded at $1,667.12, with a volume of 80 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FRFHF. Scotiabank reiterated an "outperform" rating on shares of Fairfax Financial in a research note on Wednesday. Wall Street Zen upgraded Fairfax Financial from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Cormark lowered Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial restated an "outperform" rating on shares of Fairfax Financial in a research report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,500.00.

Fairfax Financial Trading Down 0.1%

The stock has a market cap of $37.32 billion, a PE ratio of 8.41 and a beta of 0.80. The stock has a 50-day moving average price of $1,728.73 and a two-hundred day moving average price of $1,688.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.20 and a quick ratio of 4.20.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $61.61 EPS for the quarter, beating analysts' consensus estimates of $60.25 by $1.36. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.30 billion. Sell-side analysts forecast that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current fiscal 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.