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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

FRFHF has been the topic of a number of recent analyst reports. BMO Capital Markets lowered shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 21st. Raymond James Financial reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Thursday, October 16th. Zacks Research upgraded Fairfax Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Monday, October 27th. Finally, Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a report on Wednesday, October 22nd.

Fairfax Financial Stock Performance

OTCMKTS FRFHF opened at $1,639.00 on Thursday. The firm has a market cap of $35.86 billion, a price-to-earnings ratio of 7.93 and a beta of 0.59. Fairfax Financial has a twelve month low of $1,292.53 and a twelve month high of $1,949.00. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $1,787.17 and a 200-day moving average price of $1,740.51.

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

Fairfax Financial Company Profile

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.