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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have earned a consensus recommendation of “Moderate Buy” from the three research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $1,500.00.

A number of research firms have recently commented on FRFHF. Royal Bank Of Canada upgraded Fairfax Financial to a “moderate buy” rating in a research report on Wednesday, June 18th. Cormark downgraded Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised Fairfax Financial from a “hold” rating to a “buy” rating in a report on Sunday, August 31st.

Fairfax Financial Price Performance

OTCMKTS:FRFHF opened at $1,748.27 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.20 and a quick ratio of 4.20. The company has a 50 day moving average price of $1,741.19 and a 200-day moving average price of $1,655.51. Fairfax Financial has a 1-year low of $1,208.25 and a 1-year high of $1,833.48. The firm has a market cap of $39.30 billion, a price-to-earnings ratio of 8.86 and a beta of 0.83.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings results 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 firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.30 billion. Equities research analysts forecast that Fairfax Financial will post 166.85 EPS for the current 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.