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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of analysts recently commented on the company. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce started coverage on Fairfax Financial in a research note on Friday, June 26th. They issued a “neutral” rating for the company.

Fairfax Financial Price Performance

Fairfax Financial stock opened at $1,639.61 on Friday. Fairfax Financial has a 52 week low of $1,500.00 and a 52 week high of $1,949.00. The company’s 50 day moving average price is $1,652.27 and its two-hundred day moving average price is $1,662.80. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.46. The stock has a market cap of $34.15 billion, a P/E ratio of 8.03 and a beta of 0.48.

About Fairfax Financial

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.

Fairfax’s insurance operations serve customers in Canada, the United States, Europe, and other international markets. Its portfolio has included businesses such as Northbridge Financial, Odyssey Group, Crum & Forster, Allied World, and Brit, although its operating structure and subsidiaries may change over time.