As of September 15, 2023, Brown & Brown (NYSE:BRO) has garnered a total of 7 analyst ratings within the past 3 months. Among these ratings, 3 were bullish, 1 was somewhat bullish, and 3 were indifferent. The consensus among these 7 analysts is that Brown & Brown has an average price target of $79.14, with a high estimate of $85.00 and a low estimate of $76.00.
These analysts arrive at their conclusions by projecting the future earnings of the company, typically over a period of five years, and assessing the risk and predictability of its revenue streams. They engage in thorough research, attending company conference calls and meetings, analyzing financial statements, and communicating with insiders to provide their ratings on stocks. It is important to remember that these analysts, like any other individuals, are subject to human biases and limitations, and their ratings should be considered as opinions rather than absolute truths for investors.
Brown & Brown, Inc.
BRO
Strong Buy
Updated on: 15/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Brown & Brown Inc.: Positive Growth in Earnings and Revenue Sets the Stage for Future Success in the Insurance Brokers/Services Sector
On September 15, 2023, the stock performance of Brown & Brown Inc. (BRO) showed a slight decline compared to the previous day’s closing price. The stock opened at $72.76 and traded within a range of $72.48 to $73.16 throughout the day. The trading volume for the day was 500,535 shares, which is lower than the average volume of 1,068,393 shares over the past three months.
Brown & Brown Inc. is a finance company in the insurance brokers/services industry, with its corporate headquarters located in Daytona Beach, Florida. With a market capitalization of $20.7 billion, the company has shown consistent earnings growth over the past year. The earnings growth rate for the previous year was +14.18%, and for this year, it is +11.31%. The projected earnings growth rate for the next five years is +9.00%.
In terms of revenue, Brown & Brown Inc. experienced a growth rate of +17.11% in the last year, indicating a healthy performance. The company’s financial ratios also suggest positive prospects. The price-to-earnings (P/E) ratio is 28.2, which indicates that investors are willing to pay 28.2 times the company’s earnings for each share. The price/sales ratio is 4.44, and the price/book ratio is 4.50, both of which suggest that the stock is reasonably valued.
In comparison to other stocks, Brown & Brown Inc. performed relatively better on September 15, 2023. While some stocks experienced negative changes, with Willis Towers Watson (-0.03%), Advance Create Co Ltd (-0.76%), and Erie Indemnity Co (-0.91%) showing declines, Brown & Brown Inc. had a smaller decrease of -0.07% in its stock price.
Looking ahead, the next reporting date for Brown & Brown Inc. is set for October 23, 2023. Analysts are forecasting an earnings per share (EPS) of $0.60 for this quarter. The company’s annual revenue for the last year was $3.6 billion, with an annual profit of $659.1 million. The net profit margin stands at 18.44%, indicating that the company is efficiently managing its costs and generating profits.
Overall, despite the slight decline in stock price on September 15, 2023, Brown & Brown Inc. has shown positive growth in earnings and revenue over the past year. With a strong financial position and positive industry outlook, the company seems well-positioned for future success in the insurance brokers/services sector.
BRO Stock Analysis: Analysts Predict 8.10% Increase in Brown & Brown Incs Value
On September 15, 2023, the stock performance of Brown & Brown Inc (BRO) was analyzed based on data provided by CNN Money. The 10 analysts offering 12-month price forecasts for BRO had a median target of $78.50, with a high estimate of $85.00 and a low estimate of $70.00. This median estimate indicated an expected increase of 8.10% from the last recorded price of $72.62.
Furthermore, a consensus among 13 polled investment analysts was to hold stock in Brown & Brown Inc. This rating has remained steady since August.
In terms of financial performance, Brown & Brown Inc reported earnings per share of $0.60 for the current quarter. Additionally, the company recorded sales of $1.0 billion. The reporting date for these figures was set for October 23.
Based on the information provided, it appears that analysts have a positive outlook for Brown & Brown Inc, with a median target price suggesting a potential increase in stock value. However, it is important for investors to conduct their own research and consider various factors before making any investment decisions.
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