Fairfax Financial (OTCMKTS:FRFHF) Reaches New 12-Month High - Here's Why

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $1,733.29 and last traded at $1,728.33, with a volume of 5147 shares. The stock had previously closed at $1,714.00.

Analysts Set New Price Targets

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

Fairfax Financial Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The firm has a market cap of $39.27 billion, a P/E ratio of 10.75 and a beta of 0.77. The company's 50 day moving average is $1,572.24 and its 200 day moving average is $1,460.94.

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

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