Fairfax Financial (OTCMKTS:FRFHF) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Fairfax Financial (OTCMKTS:FRFHF - Free Report) had its price target lifted by Royal Bank of Canada from $1,425.00 to $1,500.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider's stock.

Fairfax Financial Stock Down 3.4 %

Shares of OTCMKTS:FRFHF traded down $45.70 during trading on Monday, reaching $1,304.30. 4,673 shares of the stock were exchanged, compared to its average volume of 6,023. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.09 and a quick ratio of 4.09. Fairfax Financial has a 1-year low of $868.00 and a 1-year high of $1,356.00. The stock has a fifty day moving average of $1,240.40 and a two-hundred day moving average of $1,166.88. The firm has a market cap of $30.29 billion, a price-to-earnings ratio of 7.98 and a beta of 0.79.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $37.18 earnings per share for the quarter. The company had revenue of $7.49 billion during the quarter. Fairfax Financial had a return on equity of 15.37% and a net margin of 13.40%. Research analysts anticipate that Fairfax Financial will post 149.57 earnings per share for the current fiscal 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.