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

Fairfax Financial (OTCMKTS:FRFHF) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Monday, May 5th. Royal Bank Of Canada upgraded shares of Fairfax Financial to a “moderate buy” rating in a research report on Wednesday, June 18th. National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Finally, Raymond James Financial upgraded shares of Fairfax Financial to a “moderate buy” rating in a research report on Thursday, April 10th. Three analysts have rated the stock with a buy rating, According to MarketBeat.com, Fairfax Financial presently has an average rating of “Buy” and a consensus price target of $1,500.00.

Fairfax Financial Price Performance

Shares of FRFHF stock opened at $1,754.00 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.20 and a quick ratio of 4.20. The firm’s 50-day moving average is $1,757.69 and its two-hundred day moving average is $1,563.17. Fairfax Financial has a 12 month low of $1,027.00 and a 12 month high of $1,833.48. The company has a market capitalization of $39.69 billion, a PE ratio of 8.89 and a beta of 0.79.

Fairfax Financial (OTCMKTS:FRFHF) last issued its earnings results on Thursday, July 31st. The financial services provider reported $61.61 EPS for the quarter, topping 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 company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.30 billion. Analysts predict that Fairfax Financial will post 166.85 earnings per share 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.