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Brown & Brown (BRO) Stock Forecast & Price Target

$102.65
-0.36 (-0.35%)
(As of 09/27/2024 ET)
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Brown & Brown - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings
Sell
1
Hold
4
Buy
7

Based on 12 Wall Street analysts who have issued ratings for Brown & Brown in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 4 have given a hold rating, and 7 have given a buy rating for BRO.

Consensus Price Target

$101.67
-0.96% Downside
According to the 12 analysts' twelve-month price targets for Brown & Brown, the average price target is $101.67. The highest price target for BRO is $120.00, while the lowest price target for BRO is $78.00. The average price target represents a forecasted downside of -0.96% from the current price of $102.65.
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BRO Analyst Ratings Over Time

TypeCurrent Forecast
9/30/23 to 9/29/24		1 Month Ago
8/31/23 to 8/30/24		3 Months Ago
7/2/23 to 7/1/24		1 Year Ago
9/30/22 to 9/30/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$101.67$99.20$89.40$72.90
Forecasted Upside-0.96% Downside-5.64% Downside0.33% Upside4.38% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy

BRO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BRO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Brown & Brown Stock vs. The Competition

TypeBrown & BrownFinance CompaniesS&P 500
Consensus Rating Score
2.50
2.46
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside-0.96% Downside12.82% Upside6.16% Upside
News Sentiment Rating
Neutral News

See Recent BRO News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/24/2024Argus
3 of 5 stars		K. Heal
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageBuy$120.00+17.41%
9/4/2024Barclays
3 of 5 stars		A. Scott
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageEqual Weight$108.00+2.04%
8/12/2024Wells Fargo & Company
3 of 5 stars		E. Greenspan
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeEqual Weight ➝ Overweight$94.00 ➝ $112.00+11.64%
7/26/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform ➝ Underperform$86.00 ➝ $92.00-5.57%
7/25/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$95.00 ➝ $110.00+11.51%
7/24/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$95.00 ➝ $110.00+12.83%
7/24/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$104.00 ➝ $112.00+14.26%
7/9/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$91.00 ➝ $94.00+4.03%
5/31/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$94.00 ➝ $100.00+12.06%
5/22/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Neutral$91.00 ➝ $101.00+12.41%
1/9/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold$85.00 ➝ $78.00+8.03%
1/8/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$84.00 ➝ $83.00+19.25%
1/19/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$67.00+11.18%
11/22/2022Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight$69.00 ➝ $65.00+12.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:33 PM ET.


Should I Buy Brown & Brown Stock? BRO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, September 21, 2024. Please send any questions or comments about these Brown & Brown pros and cons to contact@marketbeat.com.

Brown & Brown
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Brown & Brown, Inc.:

  • Brown & Brown has recently been upgraded from a "hold" rating to a "buy" rating by StockNews.com, indicating positive sentiment from analysts.
  • The company's average rating is "Moderate Buy" with an average price target of $100.00, suggesting potential for growth.
  • Insider buying and selling activities can provide insights into the company's performance and future prospects, aiding investors in making informed decisions.
  • Brown & Brown's stock price has been trading up, showing positive momentum in the market.
  • The company has a low payout ratio of 16.00%, indicating that it retains a significant portion of its earnings for reinvestment or growth.

Brown & Brown
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Brown & Brown, Inc. for these reasons:

  • Despite recent positive ratings, there is still a sell rating on the stock, which may indicate some concerns among analysts.
  • Chairman and CFO selling significant amounts of company stock may raise questions about insider confidence or future performance.
  • The company's price-to-earnings ratio of 31.73 and price-to-earnings-growth ratio of 2.34 may suggest the stock is relatively expensive compared to its growth prospects.
  • Brown & Brown's debt-to-equity ratio of 0.56 may indicate a moderate level of financial leverage, which could pose risks in uncertain economic conditions.
  • While the stock has shown positive trading trends, investors should consider market volatility and potential risks associated with fluctuations in the insurance industry.

BRO Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Brown & Brown is $101.67, with a high forecast of $120.00 and a low forecast of $78.00.

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRO shares.

According to analysts, Brown & Brown's stock has a predicted downside of -0.96% based on their 12-month stock forecasts.

Over the previous 90 days, Brown & Brown's stock had 1 upgrade by analysts.

Brown & Brown has been rated by research analysts at Argus, Barclays, Keefe, Bruyette & Woods, Raymond James, Royal Bank of Canada, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Brown & Brown more than other "finance" companies. The consensus rating for Brown & Brown is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BRO compares to other companies.

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This page (NYSE:BRO) was last updated on 9/29/2024 by MarketBeat.com Staff
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