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

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

A number of brokerages have weighed in on FRFHF. Zacks Research upgraded Fairfax Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th.

Fairfax Financial Price Performance

Shares of OTCMKTS FRFHF opened at $1,641.88 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.78 and a debt-to-equity ratio of 0.46. Fairfax Financial has a twelve month low of $1,528.10 and a twelve month high of $1,949.00. The stock has a 50 day moving average of $1,714.20 and a two-hundred day moving average of $1,723.36. The stock has a market cap of $35.32 billion, a P/E ratio of 8.11 and a beta of 0.53.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 earnings per share for the quarter, missing analysts’ consensus estimates of $36.17 by ($5.06). Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. The firm had revenue of $7.82 billion during the quarter, compared to analysts’ expectations of $8.62 billion. On average, research analysts forecast that Fairfax Financial will post 205.68 earnings per share for the current 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.