Fairfax Financial (OTCMKTS:FRFHF) Reaches New 1-Year High – Still a Buy?

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $1,791.00 and last traded at $1,763.26, with a volume of 5353 shares changing hands. The stock had previously closed at $1,770.00.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FRFHF shares. Royal Bank Of Canada raised shares of Fairfax Financial to a “moderate buy” rating in a research note on Wednesday. Raymond James Financial upgraded shares of Fairfax Financial to a “moderate buy” rating in a research report on Thursday, April 10th. National Bankshares restated an “outperform” rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Fairfax Financial in a research report on Monday, May 5th.

Fairfax Financial Stock Performance

The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $1,618.02 and its two-hundred day moving average price is $1,475.35. The company has a market cap of $40.04 billion, a P/E ratio of 10.23 and a beta of 0.77.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $42.70 earnings per share for the quarter, beating the consensus estimate of $31.92 by $10.78. Fairfax Financial had a net margin of 13.10% and a return on equity of 14.90%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $7.76 billion. As a group, equities analysts forecast that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current year.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.