Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF) Stock Rating Upgraded by CIBC

Fairfax Financial Holdings Ltd Subordinate Voting Shares (OTCMKTS:FRFHF) was upgraded by equities researchers at CIBC from a “neutral” rating to a “sector outperform” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Separately, ValuEngine lowered Fairfax Financial Holdings Ltd Subordinate Voting Shares from a “buy” rating to a “hold” rating in a report on Thursday, July 12th.

Shares of OTCMKTS FRFHF opened at $495.01 on Thursday. The company has a quick ratio of 6.63, a current ratio of 6.63 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.89 billion, a P/E ratio of 9.30 and a beta of 0.30. Fairfax Financial Holdings Ltd Subordinate Voting Shares has a 52-week low of $481.00 and a 52-week high of $590.00.

Fairfax Financial Holdings Ltd Subordinate Voting Shares (OTCMKTS:FRFHF) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $4.21 billion during the quarter. Fairfax Financial Holdings Ltd Subordinate Voting Shares had a return on equity of 9.71% and a net margin of 10.81%.

About Fairfax Financial Holdings Ltd Subordinate Voting Shares

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 also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and franchises, owns, and operates dining restaurants and holiday resorts.

Further Reading: Leveraged Buyout (LBO) Explained

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