Fairfax Financial (OTCMKTS:FRFHF) Reaches New 12-Month High - Time to Buy?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,731.90 and last traded at $1,700.00, with a volume of 10412 shares changing hands. The stock had previously closed at $1,675.00.

Analyst Ratings Changes

A number of research firms have issued reports on FRFHF. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fairfax Financial in a report on Monday, May 5th. Raymond James upgraded shares of Fairfax Financial to a "moderate buy" rating in a research note on Thursday, April 10th. Finally, National Bankshares restated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th.

Fairfax Financial Price Performance

The company has a current ratio of 3.65, a quick ratio of 2.45 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $1,527.48 and a two-hundred day moving average price of $1,443.06. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 10.29 and a beta of 0.76.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $42.70 earnings per share for the quarter, topping analysts' consensus estimates of $31.92 by $10.78. Fairfax Financial had a net margin of 12.47% and a return on equity of 14.43%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $7.76 billion. As a group, equities research analysts anticipate that Fairfax Financial Holdings Limited will post 166.85 EPS for the current fiscal year.

About Fairfax Financial

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.