Brown & Brown, Inc. (BRO) Is At $51.46 Formed Wedge; Communications Systems (JCS) Has 0.77 Sentiment

Communications Systems, Inc., together with its subsidiaries, makes and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company has market cap of $31.93 million. The companyÂ’s Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name. It currently has negative earnings. This segment serves telephone companies, electrical/low-voltage contractors, home builders, cable customers, and original equipment manufacturers directly, as well as through distributors.

Brown & Brown, Inc. (BRO) formed wedge up with $53.52 target or 4.00% above today’s $51.46 share price. Brown & Brown, Inc. (BRO) has $7.17B valuation. The stock decreased 0.62% or $0.32 during the last trading session, reaching $51.46. About 289,593 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since December 30, 2016 and is uptrending. It has outperformed by 2.99% the S&P500.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on January, 22. They expect $0.42 EPS, 0.00% or $0.00 from last year’s $0.42 per share. BRO’s profit will be $58.55 million for 30.63 P/E if the $0.42 EPS becomes a reality. After $0.53 actual EPS reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts -20.75% negative EPS growth.

Among 14 analysts covering Brown & Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Brown & Brown has $55.0 highest and $28 lowest target. $43.60’s average target is -15.27% below currents $51.46 stock price. Brown & Brown had 45 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by Zacks on Monday, September 7. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 21. Deutsche Bank downgraded the shares of BRO in report on Monday, October 24 to “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Monday, June 12. Citigroup maintained the shares of BRO in report on Thursday, July 13 with “Neutral” rating. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, October 17. Compass Point maintained Brown & Brown, Inc. (NYSE:BRO) on Wednesday, January 27 with “Neutral” rating. The stock has “Hold” rating by RBC Capital Markets on Monday, September 25. Suntrust Robinson downgraded Brown & Brown, Inc. (NYSE:BRO) rating on Thursday, January 7. Suntrust Robinson has “Neutral” rating and $35 target. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, June 2.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.13, from 1.29 in 2017Q2. It is negative, as 20 investors sold Brown & Brown, Inc. shares while 79 reduced holdings. 32 funds opened positions while 83 raised stakes. 99.49 million shares or 0.74% less from 100.23 million shares in 2017Q2 were reported. California Public Employees Retirement Systems accumulated 327,465 shares or 0.02% of the stock. Crawford Investment Counsel holds 0.1% in Brown & Brown, Inc. (NYSE:BRO) or 60,875 shares. South Dakota Council holds 0.01% or 7,000 shares in its portfolio. Confluence Investment Management Ltd Llc accumulated 0.46% or 497,655 shares. Ahl Prns Limited Liability Partnership has invested 0.01% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 31,000 shares. M&T Retail Bank has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Burgundy Asset Mngmt Limited has 1.45M shares. Fenimore Asset Management Inc has 2.79% invested in Brown & Brown, Inc. (NYSE:BRO). Barclays Plc reported 46,785 shares. Vaughan David Invests Il owns 0.04% invested in Brown & Brown, Inc. (NYSE:BRO) for 12,415 shares. Smithfield has invested 0.01% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Gemmer Asset Management Limited Liability Company owns 475 shares or 0.01% of their US portfolio. Thrivent Fincl For Lutherans has 107,370 shares for 0.02% of their portfolio. State Treasurer State Of Michigan holds 43,600 shares or 0.02% of its portfolio.

Since August 1, 2017, it had 0 insider purchases, and 1 sale for $839,527 activity. STRIANESE ANTHONY T had sold 18,870 shares worth $839,527 on Tuesday, August 1.

Analysts await Communications Systems, Inc. (NASDAQ:JCS) to report earnings on March, 6. They expect $-0.02 EPS, up 90.48% or $0.19 from last year’s $-0.21 per share. After $-0.50 actual EPS reported by Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -96.00% EPS growth.