Fairfax Financial (OTCMKTS:FRFHF) Raised 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.

Wall Street Zen upgraded shares of Fairfax Financial (OTCMKTS:FRFHF - Free Report) from a buy rating to a strong-buy rating in a research report released on Monday morning.

FRFHF has been the topic of a number of other research reports. Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating in a research note on Wednesday, June 18th. BMO Capital Markets restated an "outperform" rating on shares of Fairfax Financial in a research note on Monday, May 5th. Raymond James Financial upgraded Fairfax Financial to a "moderate buy" rating in a research note on Thursday, April 10th. Finally, National Bankshares restated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Two analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $1,500.00.

Fairfax Financial Stock Performance

OTCMKTS FRFHF traded down $29.32 on Monday, reaching $1,744.94. The stock had a trading volume of 5,353 shares, compared to its average volume of 5,042. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a fifty day moving average of $1,754.71 and a two-hundred day moving average of $1,555.55. Fairfax Financial has a 1-year low of $1,027.00 and a 1-year high of $1,833.48. The company has a market cap of $39.49 billion, a P/E ratio of 10.09 and a beta of 0.77.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.90% and a net margin of 13.10%. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.30 billion. On average, equities research analysts anticipate that Fairfax Financial will post 166.85 EPS 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.