Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $30.82 earnings per share (EPS) for the quarter, reports. Fairfax Financial had a return on equity of 15.86% and a net margin of 13.79%. The business had revenue of $7.69 billion for the quarter.
Fairfax Financial Stock Performance
FRFHF opened at $1,128.43 on Friday. The business has a fifty day simple moving average of $1,091.99 and a 200 day simple moving average of $982.76. The company has a market capitalization of $27.14 billion, a PE ratio of 7.20 and a beta of 0.80. Fairfax Financial has a 1 year low of $670.00 and a 1 year high of $1,149.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.66 and a quick ratio of 1.66.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada raised their price target on Fairfax Financial from $1,085.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th.
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.
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