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

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has earned an average rating of “Moderate Buy” from the four analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1,500.00.

A number of research analysts have weighed in on FRFHF shares. Cormark cut shares of Fairfax Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 6th. Raymond James Financial reissued an “outperform” rating on shares of Fairfax Financial in a research note on Thursday. Finally, Wall Street Zen raised shares of Fairfax Financial from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st.

Fairfax Financial Trading Down 0.6%

Shares of OTCMKTS:FRFHF opened at $1,650.00 on Tuesday. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.45. Fairfax Financial has a 12-month low of $1,232.69 and a 12-month high of $1,833.48. The business has a 50 day moving average of $1,732.88 and a two-hundred day moving average of $1,687.43. The company has a market capitalization of $37.09 billion, a PE ratio of 8.36 and a beta of 0.80.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share for the quarter, beating 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 analyst estimates of $9.30 billion. As a group, analysts forecast that Fairfax Financial will post 166.85 EPS for the current 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.