Royal Bank of Canada Raises Fairfax Financial (OTCMKTS:FRFHF) Price Target to $650.00

Fairfax Financial (OTCMKTS:FRFHF) had its target price lifted by Royal Bank of Canada from $585.00 to $650.00 in a research report released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on FRFHF. National Bank Financial reiterated an outperform rating on shares of Fairfax Financial in a research note on Thursday, February 11th. Scotiabank upped their price target on Fairfax Financial from $590.00 to $610.00 and gave the stock an outperform rating in a research note on Tuesday, February 16th. Finally, BMO Capital Markets boosted their target price on shares of Fairfax Financial from $500.00 to $550.00 and gave the stock a market perform rating in a report on Friday, February 12th.

OTCMKTS FRFHF opened at $458.82 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 6.07 and a current ratio of 6.07. The business’s fifty day moving average is $428.02 and its 200 day moving average is $361.49. The company has a market capitalization of $12.29 billion, a PE ratio of -111.91 and a beta of 0.86. Fairfax Financial has a fifty-two week low of $223.52 and a fifty-two week high of $463.70.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, February 11th. The financial services provider reported $32.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.42 by $27.26. The company had revenue of $6.58 billion during the quarter. Fairfax Financial had a negative return on equity of 0.80% and a negative net margin of 0.10%.

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

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