Fairfax Financial (OTCMKTS:FRFHF) Stock Rating Raised to Moderate Buy at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Fairfax Financial (OTCMKTS:FRFHF) from a hold rating to a moderate buy rating in a report released on Wednesday,Zacks reports.

Several other brokerages have also issued reports on FRFHF. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Zacks Research downgraded Fairfax Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Fairfax Financial in a research note on Friday, October 16th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Fairfax Financial Trading Up 11.6%

Shares of OTCMKTS:FRFHF opened at $1,974.00 on Wednesday. The company has a 50 day moving average of $1,654.12 and a 200-day moving average of $1,668.52. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. The firm has a market cap of $41.05 billion, a P/E ratio of 10.10 and a beta of 0.45. Fairfax Financial has a twelve month low of $1,500.00 and a twelve month high of $1,989.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its earnings results 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. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Fairfax Financial had a net margin of 12.94% and a return on equity of 13.90%. As a group, analysts anticipate that Fairfax Financial will post 154.87 earnings per share 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.