Fairfax Financial (OTCMKTS:FRFHF) Sees Strong Trading Volume – Here’s What Happened

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) saw unusually-strong trading volume on Wednesday . Approximately 6,109 shares were traded during trading, an increase of 20% from the previous session’s volume of 5,086 shares.The stock last traded at $1,742.09 and had previously closed at $1,735.79.

Analyst Ratings Changes

A number of research firms have commented on FRFHF. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a report on Wednesday, October 22nd. Wall Street Zen upgraded Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, October 16th. Finally, National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Fairfax Financial presently has a consensus rating of “Moderate Buy”.

Fairfax Financial Stock Up 1.8%

The stock has a fifty day moving average price of $1,678.97 and a two-hundred day moving average price of $1,722.08. The company has a market cap of $39.30 billion, a P/E ratio of 8.55 and a beta of 0.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $52.04 EPS for the quarter, beating analysts’ consensus estimates of $41.00 by $11.04. Fairfax Financial had a return on equity of 16.47% and a net margin of 15.01%.The business had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.57 billion. On average, research analysts expect that Fairfax Financial Holdings Ltd. will post 166.85 EPS for the current 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.