The price-to-earnings ratio for Brady Corp. (NYSE: BRC) is above average at 17.42x. The 36-month beta value for BRC is also noteworthy at 0.78. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for BRC is 43.32M, and at present, short sellers hold a 0.92% of that float. The average trading volume of BRC on May 27, 2024 was 338.88K shares.
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BRC) stock’s latest price update
The stock of Brady Corp. (NYSE: BRC) has increased by 0.32 when compared to last closing price of 67.97.Despite this, the company has seen a gain of 12.60% in its stock price over the last five trading days. zacks.com reported 2024-05-24 that Brady (BRC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
BRC’s Market Performance
Brady Corp. (BRC) has experienced a 12.60% rise in stock performance for the past week, with a 13.65% rise in the past month, and a 20.41% rise in the past quarter. The volatility ratio for the week is 3.06%, and the volatility levels for the past 30 days are at 1.71% for BRC. The simple moving average for the past 20 days is 11.85% for BRC’s stock, with a 19.50% simple moving average for the past 200 days.
Analysts’ Opinion of BRC
Many brokerage firms have already submitted their reports for BRC stocks, with BofA Securities repeating the rating for BRC by listing it as a “Buy.” The predicted price for BRC in the upcoming period, according to BofA Securities is $65 based on the research report published on January 02, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see BRC reach a price target of $52, previously predicting the price at $60. The rating they have provided for BRC stocks is “Equal Weight” according to the report published on February 18th, 2022.
Wells Fargo gave a rating of “Overweight” to BRC, setting the target price at $70 in the report published on June 08th of the previous year.
BRC Trading at 14.12% from the 50-Day Moving Average
After a stumble in the market that brought BRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.89% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares surge +14.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.30% upper at present.
During the last 5 trading sessions, BRC rose by +12.60%, which changed the moving average for the period of 200-days by +35.97% in comparison to the 20-day moving average, which settled at $61.40. In addition, Brady Corp. saw 16.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRC starting from Gioia Nancy Lee, who sale 4,250 shares at the price of $59.20 back on Apr 15 ’24. After this action, Gioia Nancy Lee now owns 11,551 shares of Brady Corp., valued at $251,600 using the latest closing price.
BRUNO ELIZABETH P, the Director of Brady Corp., sale 2,415 shares at $60.01 during a trade that took place back on Apr 08 ’24, which means that BRUNO ELIZABETH P is holding 326,178 shares at $144,924 based on the most recent closing price.
Stock Fundamentals for BRC
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.51 for the gross margin
The net margin for Brady Corp. stands at 0.14. The total capital return value is set at 0.2. Equity return is now at value 18.95, with 13.65 for asset returns.
Based on Brady Corp. (BRC), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 3.29. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 81.4.
Currently, EBITDA for the company is 257.58 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.36. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.
Conclusion
In summary, Brady Corp. (BRC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
