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

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

A number of other equities research analysts have also issued reports on FRFHF. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Wednesday, October 22nd. Raymond James Financial restated an “outperform” rating on shares of Fairfax Financial in a report on Thursday, October 16th. Finally, National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Fairfax Financial Price Performance

Fairfax Financial stock opened at $1,902.41 on Thursday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $41.80 billion, a P/E ratio of 9.20 and a beta of 0.59. The firm has a fifty day moving average of $1,729.05 and a 200-day moving average of $1,742.25. Fairfax Financial has a 52-week low of $1,292.53 and a 52-week high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $52.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $41.00 by $11.04. Fairfax Financial had a return on equity of 16.47% and a net margin of 15.01%.The firm had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.57 billion. As a group, analysts predict that Fairfax Financial will post 166.85 EPS for the current year.

About Fairfax Financial

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.