Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Fairfax Financial Holdings Ltd. has received a consensus recommendation of "Moderate Buy" from analysts, with an average target price of $1,500.00.
• The company reported $61.61 earnings per share for the latest quarter, exceeding analysts' expectations of $60.25, and achieved a return on equity of 16.39%.
• As of now, the stock opened at $1,721.22, reflecting a 0.4% decline, with a 1-year range between $1,178.48 and $1,833.48.

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the three research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $1,500.00.

A number of brokerages have recently weighed in on FRFHF. Wall Street Zen raised shares of Fairfax Financial from a "hold" rating to a "buy" rating in a research note on Sunday. Cormark lowered shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada raised shares of Fairfax Financial to a "moderate buy" rating in a research note on Wednesday, June 18th.

Fairfax Financial Trading Up 1.3%

Shares of FRFHF stock traded up $22.78 during mid-day trading on Monday, reaching $1,743.50. The stock had a trading volume of 4,362 shares, compared to its average volume of 4,042. The stock's 50-day moving average price is $1,759.92 and its two-hundred day moving average price is $1,610.95. Fairfax Financial has a 52-week low of $1,178.48 and a 52-week high of $1,833.48. The firm has a market capitalization of $39.46 billion, a PE ratio of 8.83 and a beta of 0.83. The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.45.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $61.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $60.25 by $1.36. The firm had revenue of $9.18 billion for the quarter, compared to analysts' expectations of $9.30 billion. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. Equities analysts expect that Fairfax Financial will post 166.85 earnings per share for the current fiscal year.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.