Fairfax Financial (OTCMKTS:FRFHF) Reaches New 52-Week High After Analyst Upgrade


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Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) shares reached a new 52-week high during trading on Monday after Royal Bank of Canada raised their price target on the stock from $500.00 to $550.00. Royal Bank of Canada currently has an outperform rating on the stock. Fairfax Financial traded as high as $469.66 and last traded at $464.28, with a volume of 10427 shares traded. The stock had previously closed at $456.01.

Several other research firms have also issued reports on FRFHF. BMO Capital Markets lifted their price target on shares of Fairfax Financial from $500.00 to $550.00 and gave the stock a “market perform” rating in a research report on Friday, February 12th. Scotiabank boosted their target price on Fairfax Financial from $630.00 to $685.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, April 29th.

The company has a market cap of $12.26 billion, a PE ratio of -111.63 and a beta of 0.86. The stock has a fifty day moving average price of $443.98 and a 200-day moving average price of $376.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 6.07 and a quick ratio of 6.07.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings results on Thursday, April 29th. The financial services provider reported $28.91 earnings per share for the quarter, beating the consensus estimate of $26.46 by $2.45. Fairfax Financial had a negative return on equity of 0.80% and a negative net margin of 0.10%.

Fairfax Financial Company Profile (OTCMKTS:FRFHF)

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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