Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives $1,500.00 Average Target Price from Brokerages

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been assigned a consensus recommendation of “Moderate Buy” from the three ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $1,500.00.

Several research firms recently issued reports on FRFHF. Royal Bank Of Canada raised shares of Fairfax Financial to a “moderate buy” rating in a research note on Wednesday, June 18th. Wall Street Zen raised shares of Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Cormark lowered shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 6th.

Fairfax Financial Trading Up 1.3%

Shares of OTCMKTS:FRFHF opened at $1,743.50 on Monday. The firm has a fifty day moving average of $1,759.92 and a two-hundred day moving average of $1,610.95. The firm has a market capitalization of $39.46 billion, a P/E ratio of 8.83 and a beta of 0.83. Fairfax Financial has a 12-month low of $1,178.48 and a 12-month high of $1,833.48. The company has a quick ratio of 4.20, a current ratio of 4.20 and a debt-to-equity ratio of 0.45.

Fairfax Financial (OTCMKTS:FRFHF) last issued its earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $60.25 by $1.36. The company had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.30 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. On average, equities analysts expect that Fairfax Financial will post 166.85 EPS for the current fiscal year.

About Fairfax Financial

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.