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

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

A number of equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce started coverage on shares of Fairfax Financial in a report on Friday, June 26th. They issued a “neutral” rating for the company. Zacks Research lowered shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd.

Fairfax Financial Stock Down 0.4%

Shares of OTCMKTS:FRFHF opened at $1,617.32 on Thursday. 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 business has a fifty day moving average of $1,624.50 and a two-hundred day moving average of $1,688.11. The stock has a market cap of $34.50 billion, a P/E ratio of 7.99 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.

Fairfax Financial (OTCMKTS:FRFHF) last posted its quarterly earnings results 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). Fairfax Financial had a return on equity of 15.05% and a net margin of 14.16%.The company had revenue of $7.82 billion for the quarter, compared to analysts’ expectations of $8.62 billion. On average, research analysts expect 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.