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

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

Several research analysts have weighed in on the company. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Canadian Imperial Bank of Commerce initiated coverage on shares of Fairfax Financial in a research note on Friday, June 26th. They set a “neutral” rating for the company. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th.

Fairfax Financial Stock Performance

OTCMKTS:FRFHF opened at $1,599.79 on Friday. The stock has a 50-day moving average price of $1,658.27 and a 200 day moving average price of $1,665.47. The stock has a market capitalization of $33.32 billion, a P/E ratio of 7.84 and a beta of 0.48. Fairfax Financial has a 12-month low of $1,500.00 and a 12-month high of $1,949.00. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited is a Toronto-based holding company engaged primarily in property and casualty insurance and reinsurance. Through its operating subsidiaries, the company provides commercial and personal insurance products, specialty coverage, and reinsurance solutions to businesses, organizations, and individuals.

Fairfax’s insurance operations serve customers in Canada, the United States, Europe, and other international markets. Its portfolio has included businesses such as Northbridge Financial, Odyssey Group, Crum & Forster, Allied World, and Brit, although its operating structure and subsidiaries may change over time.