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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have received a consensus rating of “Moderate Buy” from the three research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $1,500.00.

Several analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Fairfax Financial in a research report on Monday, May 5th. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Royal Bank Of Canada raised shares of Fairfax Financial to a “moderate buy” rating in a report on Wednesday, June 18th. Wall Street Zen cut shares of Fairfax Financial from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Cormark cut shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 6th.

Fairfax Financial Stock Up 0.9%

Shares of FRFHF opened at $1,713.00 on Thursday. The stock has a market capitalization of $38.77 billion, a PE ratio of 8.68 and a beta of 0.79. Fairfax Financial has a 1 year low of $1,087.56 and a 1 year high of $1,833.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 4.20 and a current ratio of 4.20. The company’s 50-day simple moving average is $1,764.09 and its 200-day simple moving average is $1,576.63.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $60.25 by $1.36. The business had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. Analysts forecast that Fairfax Financial will post 166.85 earnings per share for the current fiscal year.

About Fairfax Financial

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.