BRP Group (NASDAQ:BRP – Get Rating) was downgraded by research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. William Blair also issued estimates for BRP Group’s Q2 2023 earnings at $0.15 EPS, FY2023 earnings at $0.68 EPS and FY2024 earnings at $1.09 EPS.
Several other brokerages have also recently commented on BRP. Morgan Stanley dropped their price target on shares of BRP Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 22nd. Wells Fargo & Company boosted their price objective on BRP Group from $31.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.
BRP Group Price Performance
Shares of BRP Group stock opened at $27.05 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.24 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $28.91 and its two-hundred day moving average price is $28.66. BRP Group has a 52 week low of $17.08 and a 52 week high of $33.34. The stock has a market cap of $3.14 billion, a PE ratio of -36.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56.
Hedge Funds Weigh In On BRP Group
BRP Group Company Profile
BRP Group, Inc markets and sells insurance products and services in the United States. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The Middle Market segment provides commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.
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