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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been assigned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Fairfax Financial in a research note on Friday. They set a “neutral” rating for the company. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd.

Fairfax Financial Stock Performance

Fairfax Financial stock opened at $1,650.00 on Friday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $35.19 billion, a PE ratio of 8.15 and a beta of 0.48. The firm has a fifty day simple moving average of $1,643.69 and a two-hundred day simple moving average of $1,711.24. Fairfax Financial has a twelve month low of $1,500.00 and a twelve month high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 EPS for the quarter, missing the consensus estimate of $36.17 by ($5.06). The firm had revenue of $7.82 billion for 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%. Research analysts expect that Fairfax Financial will post 184.47 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.