Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Consensus Rating of “Buy” from Analysts

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have commented on FRFHF. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Wednesday, October 22nd. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Zacks Research upgraded shares of Fairfax Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, October 16th.

Fairfax Financial Price Performance

Fairfax Financial stock opened at $1,858.56 on Friday. The firm’s 50-day moving average is $1,745.77 and its two-hundred day moving average is $1,744.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a market capitalization of $40.83 billion, a P/E ratio of 8.99 and a beta of 0.59. Fairfax Financial has a 12-month low of $1,292.53 and a 12-month high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $52.04 earnings per share for the quarter, topping the consensus estimate of $41.00 by $11.04. Fairfax Financial had a net margin of 15.01% and a return on equity of 16.47%. The business had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.57 billion. Equities analysts predict that Fairfax Financial will post 166.85 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.