Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Given Consensus Recommendation of “Hold” by Brokerages

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has earned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Canadian Imperial Bank of Commerce initiated coverage on shares of Fairfax Financial in a research report on Friday, June 26th. They set a “neutral” rating for the company.

Fairfax Financial Stock Performance

OTCMKTS FRFHF opened at $1,617.32 on Thursday. The stock has a market cap of $34.50 billion, a PE ratio of 7.99 and a beta of 0.49. Fairfax Financial has a twelve month low of $1,500.00 and a twelve month high of $1,949.00. The stock has a fifty day simple moving average of $1,624.50 and a 200-day simple moving average of $1,688.11. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.46.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, April 30th. The financial services provider reported $31.11 EPS for the quarter, missing analysts’ consensus estimates of $36.17 by ($5.06). The company had revenue of $7.82 billion during the quarter, compared to analyst estimates of $8.62 billion. Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. Equities analysts anticipate that Fairfax Financial will post 184.47 earnings per share for the current 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.