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

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has been given an average recommendation of “Moderate Buy” by the four brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $1,500.00.

Several research firms recently weighed in on FRFHF. Cormark downgraded shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Fairfax Financial from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Raymond James Financial restated an “outperform” rating on shares of Fairfax Financial in a research report on Thursday.

Fairfax Financial Stock Down 0.6%

FRFHF opened at $1,650.00 on Tuesday. Fairfax Financial has a twelve month low of $1,232.69 and a twelve month high of $1,833.48. The company has a quick ratio of 4.20, a current ratio of 4.20 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $1,732.88 and a 200 day moving average price of $1,687.43. The company has a market cap of $37.09 billion, a PE ratio of 8.36 and a beta of 0.80.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share for the quarter, topping the consensus estimate of $60.25 by $1.36. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.30 billion. Sell-side analysts expect 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.