Arthur J. Gallagher & Co. (NYSE: AJG) has reported earnings for its second fiscal quarter (ending June 30) of $1.30 versus $1.09 for the same period a year ago — an increase of 19%. However, this result fell short of the consensus estimate of $2.24 by $-0.94. For the latest four quarters through June 30, E.P.S. were $5.23 versus $5.22 for the same period a year ago — an increase of 0%.
Recent Price Action
On 7/25/24, Arthur J. Gallagher & Co. (NYSE: AJG) stock declined slightly by -0.1%, closing at $273.97. Moreover, trading volume in this decline was above average at 138% of normal. The stock has performed in line with the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AJG is expected to continue to be a major Value Builder.
Arthur J. Gallagher has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Arthur J. Gallagher has a slightly negative Appreciation Score of 33 but a slightly positive Power Rating of 62, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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