Arthur J. Gallagher & Co. Reaches New 12-Month High at $48.65 (AJG)
Arthur J. Gallagher & Co. (NYSE:AJG)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $48.65 and last traded at $48.53, with a volume of 556,913 shares traded. The stock had previously closed at $48.34.
Several analysts have recently commented on the stock. Analysts at Barclays upgraded shares of Arthur J. Gallagher & Co. from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, January 7th. They now have a $54.00 price target on the stock, up previously from $48.00. Finally, analysts at Deutsche Bank raised their price target on shares of Arthur J. Gallagher & Co. from $44.00 to $47.00 in a research note to investors on Thursday, November 7th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $48.11.
Arthur J. Gallagher & Co. has a 52-week low of $35.07 and a 52-week high of $48.49. The stock has a 50-day moving average of $46.51 and a 200-day moving average of $45.31. The company has a market cap of $6.407 billion and a price-to-earnings ratio of 25.71.
Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post $2.15 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.