J.P. Morgan analyst Pablo Singzon maintained a Hold rating on Brown & Brown yesterday and set a price target of $81.00. The company’s shares closed yesterday at $57.82.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Singzon covers the Financial sector, focusing on stocks such as GooseHead Insurance, Metlife, and Principal Financial. According to TipRanks, Singzon has an average return of 2.5% and a 40.35% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brown & Brown with a $72.86 average price target, a 26.01% upside from current levels. In a report released on May 21, Morgan Stanley also maintained a Hold rating on the stock with a $60.00 price target.
Based on Brown & Brown’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.9 billion and a net profit of $426 million. In comparison, last year the company earned a revenue of $1.39 billion and had a net profit of $331 million
