Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Separately, Zacks Research lowered Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd.

Fairfax Financial Stock Performance

Fairfax Financial stock opened at $1,622.06 on Wednesday. The firm has a market capitalization of $34.86 billion, a P/E ratio of 8.02 and a beta of 0.48. The stock has a fifty day moving average price of $1,669.49 and a 200 day moving average price of $1,719.43. Fairfax Financial has a 52 week low of $1,500.00 and a 52 week high of $1,949.00. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.46.

Fairfax Financial (OTCMKTS:FRFHF) last released 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). The business had revenue of $7.82 billion during the quarter, compared to analyst estimates of $8.62 billion. Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. Equities research analysts anticipate that Fairfax Financial will post 183.35 earnings per share for the current year.

Fairfax Financial Company Profile

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.