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

Wall Street Zen lowered shares of Fairfax Financial (OTCMKTS:FRFHF) from a buy rating to a hold rating in a research note issued to investors on Sunday.

A number of other research analysts have also recently commented on FRFHF. Cormark cut Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. 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. Finally, National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,500.00.

Fairfax Financial Trading Down 0.1%

FRFHF opened at $1,699.31 on Friday. The stock has a market cap of $38.46 billion, a PE ratio of 8.61 and a beta of 0.79. The company has a quick ratio of 4.20, a current ratio of 4.20 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $1,763.53 and a 200-day moving average of $1,575.68. Fairfax Financial has a 52 week low of $1,087.56 and a 52 week high of $1,833.48.

Fairfax Financial (OTCMKTS:FRFHF) last released its 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%. 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.