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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several research analysts have recently weighed in on FRFHF shares. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce assumed coverage on Fairfax Financial in a research note on Friday, June 26th. They issued a “neutral” rating on the stock. Finally, Zacks Research cut Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd.

Fairfax Financial Stock Performance

Shares of FRFHF opened at $1,635.55 on Monday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $34.07 billion, a P/E ratio of 8.01 and a beta of 0.49. The firm’s fifty day simple moving average is $1,654.88 and its two-hundred day simple moving average is $1,673.26. Fairfax Financial has a 12 month low of $1,500.00 and a 12 month high of $1,949.00.

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.