Fairfax Financial (OTCMKTS:FRFHF) Shares Gap Up – Time to Buy?

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1,646.52, but opened at $1,741.87. Fairfax Financial shares last traded at $1,667.12, with a volume of 80 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Fairfax Financial from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Thursday, October 16th. Cormark lowered Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Finally, Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Fairfax Financial currently has a consensus rating of “Moderate Buy” and an average price target of $1,500.00.

Fairfax Financial Stock Down 0.4%

The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 8.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.20 and a quick ratio of 4.20. The business has a fifty day moving average of $1,727.32 and a 200 day moving average of $1,693.64.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, July 31st. The financial services provider reported $61.61 EPS for the quarter, beating analysts’ consensus estimates of $60.25 by $1.36. Fairfax Financial had a return on equity of 16.39% and a net margin of 14.68%.The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.30 billion. As a group, equities analysts predict that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current year.

Fairfax Financial Company Profile

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 Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.