Fairfax Financial (OTCMKTS:FRFHF) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Fairfax Financial (OTCMKTS:FRFHF) from a hold rating to a strong sell rating in a research note released on Monday,Zacks reports.

A number of other analysts have also commented on FRFHF. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Canadian Imperial Bank of Commerce began coverage on Fairfax Financial in a research report on Friday, June 26th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fairfax Financial Stock Performance

Fairfax Financial stock opened at $1,545.00 on Monday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. Fairfax Financial has a 1 year low of $1,500.00 and a 1 year high of $1,949.00. The company has a market cap of $32.17 billion, a PE ratio of 7.57 and a beta of 0.45. The company’s 50-day moving average is $1,628.04 and its two-hundred day moving average is $1,651.10.

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 subsidiaries and associated companies, Fairfax provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.

The company operates through a portfolio of insurance businesses in Canada, the United States, Europe, and other international markets. Its insurance interests have included Northbridge Financial, Crum & Forster, Odyssey Group, Allied World, Brit Insurance, and Eurolife, among others.