Fairfax Financial (OTCMKTS:FRFHF) Sees Strong Trading Volume – Still a Buy?

by · The Cerbat Gem

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 6,109 shares traded hands during trading, an increase of 20% from the previous session’s volume of 5,086 shares.The stock last traded at $1,742.09 and had previously closed at $1,735.79.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FRFHF shares. Wall Street Zen raised shares of Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Raymond James Financial reissued an “outperform” rating on shares of Fairfax Financial in a research note on Thursday, October 16th. Finally, Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Fairfax Financial

Fairfax Financial Trading Up 0.5%

The business has a 50-day moving average of $1,679.79 and a 200-day moving average of $1,722.72. 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 stock has a market cap of $39.51 billion, a price-to-earnings ratio of 8.59 and a beta of 0.59.

Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $52.04 earnings per share for the quarter, topping analysts’ consensus estimates of $41.00 by $11.04. The company had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.57 billion. Fairfax Financial had a return on equity of 16.47% and a net margin of 15.01%. As a group, research analysts forecast that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current year.

About Fairfax Financial

(Get Free Report)

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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