Fairfax Financial (OTCMKTS:FRFHF) Shares Gap Up on Analyst Upgrade

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) gapped up before the market opened on Thursday after ATB Cormark Capital Markets upgraded the stock from a hold rating to a moderate buy rating. The stock had previously closed at $1,769.11, but opened at $1,979.99. Fairfax Financial shares last traded at $1,962.00, with a volume of 409 shares traded.

A number of other analysts have also commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating on shares of Fairfax Financial in a report on Friday, October 16th. Finally, Zacks Research downgraded shares of Fairfax Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Fairfax Financial Trading Down 0.5%

The company has a market cap of $40.86 billion, a PE ratio of 10.06 and a beta of 0.45. The stock has a fifty day moving average of $1,654.12 and a 200-day moving average of $1,668.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.60 and a current ratio of 3.60.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $43.32 EPS for the quarter, topping the consensus estimate of $29.47 by $13.85. Fairfax Financial had a return on equity of 13.90% and a net margin of 12.94%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.42 billion. Sell-side analysts anticipate that Fairfax Financial Holdings Ltd. will post 154.87 EPS for the current fiscal year.

Fairfax Financial Company Profile

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

Fairfax’s insurance operations include companies such as Odyssey Group, Allied World, Brit, Northbridge Insurance, Crum & Forster, and Zenith. Its businesses serve customers across Canada, the United States, Europe, and other international markets.