Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Given Average Rating of “Moderate Buy” by Brokerages

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has received an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities analysts have issued reports on FRFHF shares. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Friday, January 30th. BMO Capital Markets cut shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th.

Fairfax Financial Stock Up 0.7%

Fairfax Financial stock opened at $1,746.00 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a market capitalization of $38.20 billion, a PE ratio of 8.16 and a beta of 0.59. The business has a 50 day simple moving average of $1,712.30 and a 200-day simple moving average of $1,727.54. Fairfax Financial has a 12 month low of $1,292.53 and a 12 month high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its earnings results on Thursday, February 19th. The financial services provider reported $57.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $55.45 by $2.12. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.62 billion. Fairfax Financial had a return on equity of 16.29% and a net margin of 15.10%. On average, analysts anticipate that Fairfax Financial will post 166.85 EPS 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.