Wall Street Zen downgraded shares of Fairfax Financial (OTCMKTS:FRFHF – Free Report) from a buy rating to a hold rating in a research report report published on Sunday morning.
A number of other analysts have also recently issued reports on FRFHF. BMO Capital Markets reissued an “outperform” rating on shares of Fairfax Financial in a research note on Monday, May 5th. Cormark cut shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada raised shares of Fairfax Financial to a “moderate buy” rating in a research note on Wednesday, June 18th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Fairfax Financial in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,500.00.
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Fairfax Financial Stock Down 1.3%
Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $61.61 earnings per share for the quarter, beating the consensus estimate of $60.25 by $1.36. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Equities research analysts forecast that Fairfax Financial will post 166.85 earnings per share for the current year.
About Fairfax Financial
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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