Brown & Brown (BRO) Stock Forecast & Price Target

$105.86

+0.61 (+0.58%)

(As of 10/9/2024 ET)

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

$103.83
-1.91% Downside

According to the 12 analysts' twelve-month price targets for Brown & Brown, the average price target is $103.83. The highest price target for BRO is $120.00, while the lowest price target for BRO is $83.00. The average price target represents a forecasted downside of -1.91% from the current price of $105.86.

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BRO Analyst Ratings Over Time

Type	Current Forecast 10/11/23 to 10/10/24	1 Month Ago 9/11/23 to 9/10/24	3 Months Ago 7/13/23 to 7/12/24	1 Year Ago 10/11/22 to 10/11/23
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)	4 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	$103.83	$100.00	$91.70	$74.60
Forecasted Upside	-1.91% Downside	-3.04% Downside	-2.18% Downside	4.39% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy

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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.

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.

Brown & Brown Stock vs. The Competition

Type	Brown & Brown	Finance Companies	S&P 500
Consensus Rating Score	2.50	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-1.91% Downside	16.48% Upside	7.34% Upside
News Sentiment Rating	Neutral News See Recent BRO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/9/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$98.00 ➝ $104.00	-1.78%
9/24/2024	Argus 3 of 5 stars	K. Heal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$120.00	+17.41%
9/4/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$108.00	+2.04%
8/12/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Greenspan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$94.00 ➝ $112.00	+11.64%
7/26/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$86.00 ➝ $92.00	-5.57%
7/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $110.00	+11.51%
Get the Latest News and Ratings for BRO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Brown & Brown and its competitors with MarketBeat's FREE daily newsletter.
7/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $110.00	+12.83%
7/24/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$104.00 ➝ $112.00	+14.26%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$91.00 ➝ $94.00	+4.03%
5/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$94.00 ➝ $100.00	+12.06%
5/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$91.00 ➝ $101.00	+12.41%
1/8/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$84.00 ➝ $83.00	+19.25%
1/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$67.00	+11.18%
11/22/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal 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 Thursday at 08:19 AM 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 Tuesday, October 1, 2024. Please send any questions or comments about these Brown & Brown pros and cons to contact@marketbeat.com.

Brown & Brown
Bull Case

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

Brown & Brown, Inc. stock has been trading up, showing positive momentum in the market.
Recent insider selling activities indicate confidence in the company's performance and future prospects.
Analysts have given Brown & Brown, Inc. a "Moderate Buy" rating with a consensus price target above the current stock price, suggesting potential growth.
The company has a strong market capitalization of $29.55 billion, indicating stability and size in the industry.
Brown & Brown, Inc. has a relatively low debt-to-equity ratio of 0.56, which signifies a healthy financial structure.

Brown & Brown
Bear Case

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

Despite positive analyst ratings, there is a risk associated with the stock price potentially being overvalued based on the current P/E ratio of 31.88.
There is a concern about the company's price-to-earnings-growth ratio of 2.40, indicating that the stock may be relatively expensive compared to its growth prospects.
Company insiders owning 17.02% of the stock might raise questions about potential conflicts of interest or lack of diversification in ownership.
The stock's beta of 0.83 suggests that it may not be very responsive to market fluctuations, potentially limiting short-term gains.
Investors should consider the company's recent stock price volatility and assess their risk tolerance before making investment decisions.

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 $103.83, with a high forecast of $120.00 and a low forecast of $83.00.
: 12 Wall Street 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 research analysts is that investors should "moderate buy" BRO shares.
: According to analysts, Brown & Brown's stock has a predicted downside of -1.91% 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, Jefferies Financial Group, Keefe, Bruyette & Woods, Raymond James, Royal Bank of Canada, Truist Financial, 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 10/10/2024 by MarketBeat.com Staff

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