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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have commented on FRFHF. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a research report on Friday. Raymond James Financial reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Thursday, October 16th. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Zacks Research raised shares of Fairfax Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 21st.

Fairfax Financial Price Performance

OTCMKTS:FRFHF opened at $1,649.30 on Thursday. 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 stock’s fifty day moving average is $1,785.44 and its two-hundred day moving average is $1,738.51. Fairfax Financial has a 52 week low of $1,292.53 and a 52 week high of $1,949.00. The company has a market capitalization of $36.09 billion, a P/E ratio of 7.98 and a beta of 0.59.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings results 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 return on equity of 16.47% and a net margin of 15.01%.The business had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $8.57 billion. Equities analysts expect that Fairfax Financial will post 166.85 EPS 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.