Stock Rating Downgrade
The Value Trend Rating for Brown & Brown Inc (NYSE: BRO) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock declined slightly by -0.5% on 10/18/24. The stock closed at $106.39. Moreover, trading volume in this decline was exceptionally high at 310% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
BRO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Brown & Brown has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Brown & Brown has a slightly negative Appreciation Score of 39 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
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