Fairfax Financial (OTCMKTS:FRFHF) Sets New 52-Week High – Still a Buy?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,558.00 and last traded at $1,541.00, with a volume of 1605 shares. The stock had previously closed at $1,541.03.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. National Bankshares restated an “outperform” rating on shares of Fairfax Financial in a research report on Monday, February 3rd. Raymond James raised shares of Fairfax Financial to a “moderate buy” rating in a report on Thursday, April 10th.

Fairfax Financial Stock Performance

The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of 9.57 and a beta of 0.58. The company has a 50-day moving average price of $1,428.21 and a 200-day moving average price of $1,389.85. The company has a quick ratio of 2.45, a current ratio of 3.65 and a debt-to-equity ratio of 0.43.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $50.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $43.72 by $6.70. The company had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. As a group, equities research analysts forecast that Fairfax Financial Holdings Limited will post 166.85 earnings per share for the current year.

Fairfax Financial Company Profile

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 Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.