Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Brown & Brown Inc (NYSE: BRO) weakened in recent days. BRO’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock closed at $74.48 on 1/12/24 after a large increase of 2.2%. Moreover, this advance was accompanied by unusually high trading volume at 199% of normal. The stock has risen 5.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BRO 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 inconsistent signals. Brown & Brown has a neutral Appreciation Score of 41 but a good Power Rating of 83, with the High Neutral Value Trend Rating the result.
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