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

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Separately, Zacks Research raised Fairfax Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th.

Fairfax Financial Stock Up 2.4%

Fairfax Financial stock opened at $1,566.46 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.66 and a current ratio of 3.66. The firm has a market capitalization of $33.69 billion, a price-to-earnings ratio of 7.74 and a beta of 0.48. Fairfax Financial has a fifty-two week low of $1,500.00 and a fifty-two week high of $1,949.00. The stock’s fifty day moving average is $1,683.29 and its two-hundred day moving average is $1,721.84.

Fairfax Financial (OTCMKTS:FRFHF) last posted its earnings results on Thursday, April 30th. The financial services provider reported $31.11 earnings per share for the quarter, missing the consensus estimate 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%. Analysts predict that Fairfax Financial will post 183.35 EPS for the current fiscal year.

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.