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

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

FRFHF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce initiated coverage on Fairfax Financial in a research note on Friday, June 26th. They issued a “neutral” rating on the stock. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th.

Fairfax Financial Trading Up 0.3%

Shares of FRFHF stock opened at $1,599.79 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market cap of $33.32 billion, a price-to-earnings ratio of 7.84 and a beta of 0.48. Fairfax Financial has a 1 year low of $1,500.00 and a 1 year high of $1,949.00. The firm has a fifty day moving average price of $1,658.27 and a 200-day moving average price of $1,665.47.

Fairfax Financial Company Profile

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.