Fairfax Financial (OTCMKTS:FRFHF) Stock Rating Upgraded by Wall Street Zen

Key Points

• Fairfax Financial has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, amidst varying opinions from other analysts regarding the stock.
• The company reported a quarterly earnings result of $61.61 EPS, which exceeded analysts' expectations, despite revenue falling short of predictions.
• Fairfax Financial's average stock rating stands at "Moderate Buy" with a consensus target price of $1,500.00.

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

A number of other research firms also recently weighed in on FRFHF. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Monday, May 5th. Cormark downgraded Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada raised Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Fairfax Financial has an average rating of "Moderate Buy" and a consensus target price of $1,500.00.

Fairfax Financial Trading Down 0.4%

Fairfax Financial stock traded down $6.78 during trading hours on Friday, reaching $1,721.22. 2,927 shares of the company's stock traded hands, compared to its average volume of 4,386. The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.20 and a current ratio of 4.20. The firm has a market capitalization of $38.95 billion, a price-to-earnings ratio of 8.72 and a beta of 0.79. The firm's 50 day moving average is $1,764.46 and its 200-day moving average is $1,606.07. Fairfax Financial has a fifty-two week low of $1,178.48 and a fifty-two week high of $1,833.48.

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. The company had revenue of $9.18 billion during the quarter, compared to analysts' expectations of $9.30 billion. Fairfax Financial had a return on equity of 16.39% and a net margin of 14.68%. On average, analysts predict that Fairfax Financial will post 166.85 earnings per share 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.

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