Fairfax Financial (OTCMKTS:FRFHF) Raised to Strong-Buy at Zacks Research

Fairfax Financial (OTCMKTS:FRFHF) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. BMO Capital Markets lowered shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Fairfax Financial presently has an average rating of “Moderate Buy”.

Fairfax Financial Trading Up 0.3%

OTCMKTS:FRFHF traded up $4.40 during trading hours on Tuesday, hitting $1,630.00. The company had a trading volume of 2,451 shares, compared to its average volume of 9,689. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.66 and a quick ratio of 3.78. The stock has a 50-day moving average price of $1,715.55 and a 200 day moving average price of $1,723.58. The company has a market capitalization of $35.06 billion, a PE ratio of 8.06 and a beta of 0.53. Fairfax Financial has a 52 week low of $1,528.10 and a 52 week high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 EPS for the quarter, missing the consensus estimate of $36.17 by ($5.06). The company had revenue of $7.82 billion during the quarter, compared to the consensus estimate of $8.62 billion. Fairfax Financial had a return on equity of 15.05% and a net margin of 14.16%. On average, equities research analysts predict that Fairfax Financial will post 205.68 EPS for the current fiscal year.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.