Fairfax Financial (OTCMKTS:FRFHF) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Fairfax Financial was upgraded to a "strong-buy" rating by Wall Street Zen, following positive reviews from other brokerages which have also rated the stock as a "buy" or "moderate buy".
• The company's stock price reached $1,793.10 after a 0.4% increase in trading, with a market capitalization of approximately $40.60 billion.
• Fairfax Financial reported $42.70 earnings per share for the last quarter, significantly exceeding analyst expectations of $31.92, indicating strong financial performance.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Monday.

Several other brokerages have also recently weighed in on FRFHF. Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating in a research note on Wednesday, June 18th. National Bankshares restated an "outperform" rating on shares of Fairfax Financial in a research note on Wednesday, April 30th. Raymond James Financial upgraded Fairfax Financial to a "moderate buy" rating in a research note on Thursday, April 10th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $1,500.00.

Fairfax Financial Stock Up 0.4%

Shares of FRFHF traded up $7.59 during trading hours on Monday, reaching $1,793.10. The stock had a trading volume of 2,421 shares, compared to its average volume of 3,926. Fairfax Financial has a 12 month low of $1,027.00 and a 12 month high of $1,833.48. The firm has a 50-day simple moving average of $1,745.93 and a 200 day simple moving average of $1,549.10. 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 company has a market capitalization of $40.60 billion, a price-to-earnings ratio of 10.37 and a beta of 0.77.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $42.70 earnings per share for the quarter, beating the consensus estimate of $31.92 by $10.78. Fairfax Financial had a return on equity of 14.90% and a net margin of 13.10%. The business had revenue of $8.47 billion for the quarter, compared to analysts' expectations of $7.76 billion. Equities research analysts predict that Fairfax Financial 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.

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