Fairfax Financial (OTCMKTS:FRFHF) Reaches New 52-Week High - Should You Buy?

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,833.48 and last traded at $1,804.00, with a volume of 623 shares. The stock had previously closed at $1,795.46.

Analysts Set New Price Targets

Several brokerages have issued reports on FRFHF. Royal Bank Of Canada raised Fairfax Financial to a "moderate buy" rating in a research note on Wednesday, June 18th. National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a research note on Wednesday, April 30th. BMO Capital Markets reissued an "outperform" rating on shares of Fairfax Financial in a research note on Monday, May 5th. Finally, Raymond James Financial raised Fairfax Financial to a "moderate buy" rating in a research note on Thursday, April 10th.

Fairfax Financial Price Performance

The business has a fifty day simple moving average of $1,703.98 and a two-hundred day simple moving average of $1,515.75. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.44. The stock has a market cap of $40.83 billion, a PE ratio of 10.43 and a beta of 0.77.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $42.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $31.92 by $10.78. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $7.76 billion. Fairfax Financial had a return on equity of 14.90% and a net margin of 13.10%. Research analysts forecast that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current 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.