Arthur J. Gallagher & Co. (AJG) : 12 analysts are covering Arthur J. Gallagher & Co. (AJG) and their average rating on the stock is 1.83, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Arthur J. Gallagher & Co. (AJG) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Arthur J. Gallagher & Co. (AJG) : Currently there are 10 street experts covering Arthur J. Gallagher & Co. (AJG) stock. The most bullish and bearish price target for the stock is $59 and $43 respectively for the short term. The average price target of all the analysts comes to $51.3. The estimated standard deviation from the target is $5.4.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Keefe Bruyette & Woods maintains the rating on Arthur J. Gallagher & Co. (NYSE:AJG). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $55 per share to $57 per share. The rating by the firm was issued on August 1, 2016.
Arthur J. Gallagher & Co. (NYSE:AJG): The stock opened at $49.88 and touched an intraday high of $50.45 on Wednesday. During the day, the stock corrected to an intraday low of $49.7601, however, the bulls stepped in and pushed the price higher to close in the green at $50.45 with a gain of 0.80% for the day. The total traded volume for the day was 864,786. The stock had closed at $50.05 in the previous trading session.
Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Companys brokers, agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage, risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs.