Barclays analyst Alex Scott has revised his price target for Arthur J. Gallagher & Co. (AJG, Financial), increasing it from $308 to $346. This adjustment comes ahead of the insurance firm's first-quarter earnings report. Despite some hurdles in life earnings, Scott maintains an Equal Weight rating on the stock, indicating a neutral stance.
The analyst's decision to raise the price target reflects confidence in Arthur J. Gallagher's group benefits, excess capital reserves, and favorable cash flow valuations. Even as the insurance sector faces broader uncertainties, these factors present a beneficial outlook for the company. Investors are advised to focus on these strengths as the earnings season unfolds.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Arthur J. Gallagher & Co (AJG, Financial) is $338.87 with a high estimate of $388.00 and a low estimate of $268.08. The average target implies an upside of 4.04% from the current price of $325.72. More detailed estimate data can be found on the Arthur J. Gallagher & Co (AJG) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Arthur J. Gallagher & Co's (AJG, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Arthur J. Gallagher & Co (AJG, Financial) in one year is $345.82, suggesting a upside of 6.17% from the current price of $325.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Arthur J. Gallagher & Co (AJG) Summary page.
