Arthur J. Gallagher & Co. Price Target Increased to $54.00 by Analysts at Keefe, Bruyette & Woods (AJG)
Analysts at Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. (NYSE:AJG) from $49.00 to $54.00 in a research report issued to clients and investors on Thursday, American Banking & Market News reports. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.80% from the company’s current price.
Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded down 0.11% during mid-day trading on Thursday, hitting $47.45. 1,878,486 shares of the company’s stock traded hands. Arthur J. Gallagher & Co. has a 52 week low of $34.20 and a 52 week high of $45.89. The stock’s 50-day moving average is $45.27 and its 200-day moving average is $44.12. The company has a market cap of $6.059 billion and a price-to-earnings ratio of 26.32.
Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.05. The company had revenue of $835.80 million for the quarter, compared to the consensus estimate of $744.50 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 28.5% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post $2.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 20th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Monday, December 2nd.
Several other analysts have also recently commented on the stock. Analysts at Compass Point downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $50.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Arthur J. Gallagher & Co. from $46.00 to $47.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Arthur J. Gallagher & Co. in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.38.
Arthur J. Gallagher & Co, along with its subsidiaries, provides insurance brokerage and third-party claims settlement and administration services to entities in the United States and abroad.
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