Brown & Brown Inc. (NYSE:BRO) saw a downside of -5.25% to close Tuesday at $58.71 after subtracting -$3.25 on the day. The 5-day average trading volume is 1,479,580 shares of the company’s common stock. It has gained $62.22 in the past week and touched a new high 3 times within the past 5 days. An average of 1,076,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,100,318.
BRO’s 1-month performance is 3.04% or $1.77 on its low of $56.10 reached on 01/03/23. The company’s shares have touched a 52-week low of $52.91 and high of $74.00, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, BRO has achieved 3.05% or $1.74 and has reached a new high 7 times. However, the current price is down -20.66% from the 52-week high price.
BRO stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.76 while the price-to-book (PB) in the most recent quarter is 3.78, with the price to cash flow ratio at 21.48.
Brown & Brown Inc.’s quick ratio for the period ended December 30 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.94, while the total debt to equity was 0.95.
For the quarterly period ending December 30 this year, Net income grew 9.16% to $161.1 million, while revenue of $145.2 million was 9.87% off the previous quarter. Analysts expected BRO to announce $0.46 per share in earnings in its latest quarter, but it posted $0.5, representing a 8.70% surprise. Shareholders hold equity totaling $283.22 million.
Let’s look briefly at Brown & Brown Inc. (BRO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 42.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.89%.
The stock’s 5-day moving average is $60.65, reflecting a -4.04% or -$2.47 change from its current price. BRO is currently trading +3.64% above its 20-day SMA, -7.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.35% and SMA200 by-19.44%.
Stochastic %K and %D was 76.07% and 79.60% and the average true range (ATR) pointed at 1.55. The RSI (14) points at 47.60%, while the 14-day stochastic is at 40.94% with the period’s ATR at 1.47. The stock’s 9-day MACD Oscillator is pointing at -0.21 and 0.70 on the 14-day charts.
In the most recent analyst report for Brown & Brown Inc. (NYSE: BRO), BMO Capital Markets launched coverage with an Outperform rating. Analysts offering their rating for BRO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BRO as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is BRO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $60.00 and a high of $70.00, with their median price target at $65.50. Looking at these predictions, the average price target given by analysts is for Brown & Brown Inc. (BRO) stock is $65.50.