On September 14, 2023, RBC Capital analyst Mark Dwelle reiterated his positive outlook on Arthur J. Gallagher (NYSE:AJG) and increased the price target from $240 to $255. This adjustment suggests a potential upside of 22.4% from the current stock price of $208.14.
It is worth noting that as of April 24, 2023, the average one-year price target for Gallagher was $222.65, with a range spanning from $179.78 to $244.65. This indicates a positive sentiment among analysts regarding the company’s future performance.
Looking at the financials, Gallagher is projected to achieve annual revenue of $9,469MM, representing a notable increase of 11.50%. This growth outlook further supports the positive outlook on the stock.
Additionally, on April 26, 2023, the company declared a regular quarterly dividend of $0.55 per share ($2.20 annualized). At the current share price, this translates to a dividend yield of 1.06%, offering potential income for investors.
In summary, as of September 14, 2023, RBC Capital has set a price target of $255 for Arthur J. Gallagher (NYSE: AJG), indicating a positive outlook for the company’s stock.
Arthur J. Gallagher & Co.
AJG
Strong Buy
Updated on: 14/09/2023
Positive Trading Day for Arthur J. Gallagher & Co. (AJG) on September 14, 2023: Stock Value Increases and Growth Forecasted
On September 14, 2023, Arthur J. Gallagher & Co. (AJG) had a positive trading day, with its stock experiencing a slight increase in value. The previous day’s closing price for AJG stock was $229.00. The stock opened at $230.46 on September 14, 2023. Throughout the day, the stock’s price fluctuated within a range of $228.13 to $231.00. The trading volume for AJG on September 14, 2023, was 128,208 shares. AJG has a market capitalization of $49.2 billion. AJG has shown positive earnings growth over the past year, with a growth rate of +18.43%. The company is expected to continue its growth trend, with forecasted earnings growth of +13.37% for this year and +13.10% for the next five years. AJG has experienced a revenue growth rate of +4.33% in the past year. The price-to-earnings (P/E) ratio for AJG is 44.6. The price/sales ratio for AJG is 4.82, while the price/book ratio is 5.29. In terms of the stock’s performance on September 14, 2023, AJG had a slight increase of +0.93, representing a +0.28% change. AJG operates in the finance sector, specifically in the insurance brokers/services industry. The company is headquartered in Rolling Meadows, Illinois.
Positive Performance of AJG Stock on September 14, 2023: Analysts Forecasts, Target Price, and Recommendation
AJG stock has shown positive performance on September 14, 2023. The 15 analysts offering 12-month price forecasts for AJG stock have a median target of 237.00, with a high estimate of 255.00 and a low estimate of 199.00. The median estimate of 237.00 represents a +3.61% increase from the last price of 228.75. The recommendation for AJG stock is to buy, according to the current consensus among 19 polled investment analysts. The current quarter earnings per share for AJG stock is $1.98, and the sales for the current quarter are reported to be $2.4 billion. The company will release its financial results for the current quarter on October 26. Investors may consider buying AJG stock based on the current consensus recommendation, but further research and analysis are advised.
