Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, October 16th. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a report on Wednesday, October 22nd. National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Finally, Zacks Research raised Fairfax Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday.

Fairfax Financial Price Performance

Shares of OTCMKTS FRFHF opened at $1,902.41 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $1,729.05 and its 200 day moving average price is $1,742.06. Fairfax Financial has a 52 week low of $1,292.53 and a 52 week high of $1,949.00. The stock has a market cap of $41.80 billion, a price-to-earnings ratio of 9.20 and a beta of 0.59.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $52.04 earnings per share for the quarter, topping the consensus estimate of $41.00 by $11.04. The company had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.57 billion. Fairfax Financial had a return on equity of 16.47% and a net margin of 15.01%. As a group, research analysts forecast that Fairfax Financial will post 166.85 earnings per share for the current fiscal year.

About Fairfax Financial

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.