Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Consensus Rating of “Hold” from Brokerages

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several analysts have recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce initiated coverage on Fairfax Financial in a research report on Friday, June 26th. They set a “neutral” rating on the stock. Finally, Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd.

Fairfax Financial Trading Down 1.4%

OTCMKTS:FRFHF opened at $1,708.42 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a 50-day moving average of $1,632.13 and a 200-day moving average of $1,681.68. The company has a market cap of $36.44 billion, a PE ratio of 8.44 and a beta of 0.49. Fairfax Financial has a one year low of $1,500.00 and a one year high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $31.11 earnings per share for the quarter, missing the consensus estimate of $36.17 by ($5.06). The business had revenue of $7.82 billion during the quarter, compared to the consensus estimate of $8.62 billion. Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. As a group, equities research analysts expect that Fairfax Financial will post 184.47 EPS for the current fiscal 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.