Brokerages Set Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Price Target at $1,500.00

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has been assigned an average rating of “Moderate Buy” from the three analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $1,500.00.

A number of analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Fairfax Financial to a “moderate buy” rating in a research note on Wednesday, June 18th. Cormark lowered Fairfax Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st.

Fairfax Financial Stock Performance

Shares of FRFHF stock opened at $1,720.66 on Friday. Fairfax Financial has a 52 week low of $1,208.25 and a 52 week 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. The company has a market cap of $38.68 billion, a price-to-earnings ratio of 8.72 and a beta of 0.83. The firm has a 50 day moving average of $1,743.06 and a 200-day moving average of $1,652.32.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $61.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $60.25 by $1.36. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. The company had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.30 billion. On average, equities analysts forecast that Fairfax Financial 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.