Stock Rating Upgrade
The Value Trend Rating for Brown & Brown Inc (NYSE: BRO) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock closed at $103.13 on 9/13/24 after a modest gain of 0.9%. Moreover, above average trading volume at 138% of normal accompanied the advance. The stock has declined -1.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Brown & Brown has a neutral Appreciation Score of 44 but a very high Power Rating of 91, producing the Positive Value Trend Rating.
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