Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Consensus Recommendation of “Hold” from Brokerages

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) has earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of analysts have recently issued reports on FRFHF shares. Canadian Imperial Bank of Commerce started coverage on shares of Fairfax Financial in a report on Friday. They set a “neutral” rating for the company. Zacks Research downgraded 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%

FRFHF opened at $1,650.00 on Friday. The company has a fifty day moving average price of $1,643.69 and a 200-day moving average price of $1,711.24. The firm has a market capitalization of $35.19 billion, a P/E ratio of 8.15 and a beta of 0.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.66 and a quick ratio of 3.66. Fairfax Financial has a one year low of $1,500.00 and a one year high of $1,949.00.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results 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). Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. The firm had revenue of $7.82 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Equities research analysts expect that Fairfax Financial will post 184.47 earnings per share for the current fiscal 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.