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

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

FRFHF has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce started coverage on Fairfax Financial in a report on Friday, June 26th. They set a “neutral” rating on the stock. Zacks Research lowered shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd.

Fairfax Financial Trading Up 1.0%

Shares of Fairfax Financial stock opened at $1,682.03 on Friday. The firm has a market cap of $35.88 billion, a price-to-earnings ratio of 8.31 and a beta of 0.49. Fairfax Financial has a 52-week low of $1,500.00 and a 52-week high of $1,949.00. The company’s 50-day simple moving average is $1,633.11 and its 200-day simple moving average is $1,708.08. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.46.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 EPS for the quarter, missing analysts’ consensus estimates of $36.17 by ($5.06). The firm had revenue of $7.82 billion during the quarter, compared to analyst estimates 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 anticipate that Fairfax Financial will post 184.47 earnings per share for the current year.

Fairfax Financial Company Profile

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.