Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have earned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

FRFHF has been the topic of several recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Wednesday, October 22nd. National Bankshares reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Zacks Research upgraded Fairfax Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Fairfax Financial in a research report on Thursday, October 16th.

Fairfax Financial Stock Performance

OTCMKTS FRFHF opened at $1,844.65 on Friday. Fairfax Financial has a 1 year low of $1,292.53 and a 1 year high of $1,949.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market cap of $40.53 billion, a price-to-earnings ratio of 8.92 and a beta of 0.59. The company has a fifty day moving average price of $1,736.80 and a 200-day moving average price of $1,743.22.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported $52.04 earnings per share for the quarter, beating analysts’ consensus estimates of $41.00 by $11.04. Fairfax Financial had a net margin of 15.01% and a return on equity of 16.47%. The company had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.57 billion. As a group, equities research analysts predict that Fairfax Financial will post 166.85 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.