Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts recently commented on the stock. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Friday, January 30th. Zacks Research upgraded shares of Fairfax Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 21st.

Fairfax Financial Stock Down 1.3%

OTCMKTS:FRFHF opened at $1,578.90 on Friday. The firm’s 50 day simple moving average is $1,703.14 and its 200 day simple moving average is $1,721.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.66 and a quick ratio of 3.66. Fairfax Financial has a one year low of $1,528.10 and a one year high of $1,949.00. The company has a market cap of $33.96 billion, a PE ratio of 7.80 and a beta of 0.53.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, April 30th. The financial services provider reported $31.11 EPS for the quarter, missing the consensus estimate of $36.17 by ($5.06). Fairfax Financial had a return on equity of 15.05% and a net margin of 14.16%.The business had revenue of $7.82 billion for the quarter, compared to analyst estimates of $8.62 billion. On average, research analysts anticipate that Fairfax Financial will post 205.68 earnings per share for the current year.

About Fairfax Financial

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.