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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three equities research 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 research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. Zacks Research lowered Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, BMO Capital Markets lowered shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 21st.

Fairfax Financial Trading Up 0.4%

Shares of Fairfax Financial stock opened at $1,702.31 on Monday. The firm’s 50 day simple moving average is $1,772.72 and its two-hundred day simple moving average is $1,730.11. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 7.96 and a beta of 0.60. Fairfax Financial has a 12-month low of $1,292.53 and a 12-month high of $1,949.00. The company has a current ratio of 3.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.44.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $57.57 earnings per share for the quarter, beating analysts’ consensus estimates of $55.45 by $2.12. The firm had revenue of $7.71 billion for 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 predict that Fairfax Financial will post 166.85 EPS for the current year.

About Fairfax Financial

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.