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

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

FRFHF has been the subject of a number of recent research reports. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce initiated coverage on shares of Fairfax Financial in a research report on Friday, June 26th. They issued a “neutral” rating on the stock.

Fairfax Financial Stock Performance

FRFHF opened at $1,631.88 on Monday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 8.00 and a beta of 0.49. Fairfax Financial has a 12 month low of $1,500.00 and a 12 month high of $1,949.00. The stock has a fifty day moving average price of $1,655.38 and a 200-day moving average price of $1,672.56.

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.