Fairfax Financial (OTCMKTS:FRFHF) Sets New 52-Week High - Time to Buy?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,608.91 and last traded at $1,584.55, with a volume of 2834 shares changing hands. The stock had previously closed at $1,590.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a research note on Monday, February 3rd. Raymond James raised Fairfax Financial to a "moderate buy" rating in a research note on Thursday, April 10th.

Fairfax Financial Trading Down 0.4 %

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 company's 50 day moving average price is $1,439.67 and its 200 day moving average price is $1,399.21. The company has a market cap of $35.94 billion, a price-to-earnings ratio of 9.84 and a beta of 0.58.

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

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