Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company.

Several brokerages have recently weighed in on FRFHF. Canadian Imperial Bank of Commerce initiated coverage on Fairfax Financial in a report on Friday, June 26th. They issued a “neutral” rating for the company. Zacks Research lowered Fairfax Financial from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th.

Fairfax Financial Stock Performance

Shares of FRFHF opened at $1,560.25 on Tuesday. Fairfax Financial has a 12 month low of $1,500.00 and a 12 month high of $1,949.00. The firm has a fifty day simple moving average of $1,625.56 and a 200 day simple moving average of $1,649.79. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 7.64 and a beta of 0.45. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its subsidiaries and associated companies, Fairfax provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.

The company operates through a portfolio of insurance businesses in Canada, the United States, Europe, and other international markets. Its insurance interests have included Northbridge Financial, Crum & Forster, Odyssey Group, Allied World, Brit Insurance, and Eurolife, among others.