Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

A number of analysts have recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce assumed coverage on Fairfax Financial in a research report on Friday, June 26th. They set a “neutral” rating for the company. Finally, Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd.

Fairfax Financial Stock Performance

OTCMKTS:FRFHF opened at $1,635.55 on Monday. The stock has a market capitalization of $34.07 billion, a PE ratio of 8.01 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.60 and a quick ratio of 3.60. Fairfax Financial has a fifty-two week low of $1,500.00 and a fifty-two week high of $1,949.00. The business’s 50-day simple moving average is $1,654.88 and its 200-day simple moving average is $1,673.26.

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.