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

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

FRFHF has been the subject of several research analyst reports. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. Finally, BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 21st.

Fairfax Financial Stock Performance

Shares of FRFHF opened at $1,720.99 on Monday. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 8.04 and a beta of 0.60. The company has a quick ratio of 2.77, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $1,768.66 and its two-hundred day moving average is $1,730.11. Fairfax Financial has a 52-week low of $1,292.53 and a 52-week high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings results on Thursday, February 19th. The financial services provider reported $57.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $55.45 by $2.12. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.62 billion. Fairfax Financial had a net margin of 15.10% and a return on equity of 16.25%. Analysts forecast that Fairfax Financial will post 166.85 EPS for the current fiscal 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.