Fairfax Financial (OTCMKTS:FRFHF) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Fairfax Financial (OTCMKTS:FRFHF) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks reports.

Several other research firms have also commented on FRFHF. Canadian Imperial Bank of Commerce assumed coverage on shares of Fairfax Financial in a research report on Friday, June 26th. They set a “neutral” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Fairfax Financial Stock Performance

FRFHF stock opened at $1,564.90 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.60 and a quick ratio of 3.60. Fairfax Financial has a 1 year low of $1,500.00 and a 1 year high of $1,949.00. The company has a market cap of $32.58 billion, a P/E ratio of 7.67 and a beta of 0.45. The stock’s fifty day moving average price is $1,631.31 and its 200-day moving average price is $1,652.40.

About Fairfax Financial

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its subsidiaries and associated companies, Fairfax provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.

The company operates through a portfolio of insurance businesses in Canada, the United States, Europe, and other international markets. Its insurance interests have included Northbridge Financial, Crum & Forster, Odyssey Group, Allied World, Brit Insurance, and Eurolife, among others.