Wall Street Zen Downgrades Fairfax Financial (OTCMKTS:FRFHF) to Hold

Key Points

• Wall Street Zen has downgraded Fairfax Financial from a "buy" to a "hold" rating, reflecting a shift in market outlook for the company's stock.
• Several analysts, including Cormark and Royal Bank of Canada, have also adjusted their ratings on Fairfax Financial, contributing to a mixed consensus rating of "Moderate Buy" with a price target of $1,500.00.
• Fairfax Financial reported a quarterly EPS of $61.61, slightly exceeding analyst expectations, despite a revenue shortfall against estimates at $9.18 billion.

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

Several other equities analysts have also recently commented on FRFHF. Cormark cut shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday. Royal Bank Of Canada upgraded shares of Fairfax Financial to a "moderate buy" rating in a research note on Wednesday, June 18th. National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a report on Wednesday, April 30th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Fairfax Financial in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,500.00.

Fairfax Financial Price Performance

Shares of OTCMKTS FRFHF traded down $23.12 during midday trading on Friday, reaching $1,718.50. The company's stock had a trading volume of 3,147 shares, compared to its average volume of 3,721. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $1,762.60 and a 200 day moving average price of $1,571.57. Fairfax Financial has a one year low of $1,050.01 and a one year high of $1,833.48. The company has a market cap of $38.89 billion, a price-to-earnings ratio of 8.71 and a beta of 0.79.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share (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 business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.30 billion. On average, equities research analysts expect 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.

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