Brady Corp (BRC) Receives a Hold from SunTrust Robinson

By Jason Carr

In a report issued on November 16, Charles Brady from SunTrust Robinson reiterated a Hold rating on Brady Corp (BRCResearch Report), with a price target of $43. The company’s shares opened today at $43.20.

According to TipRanks.com, Brady is a 4-star analyst with an average return of 9.0% and a 57.8% success rate. Brady covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Thermon Group Holdings Inc, and Nordson Corp.

Currently, the analyst consensus on Brady Corp is a Moderate Sell with an average price target of $43.67.

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Based on Brady Corp’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $30.64 million. In comparison, last year the company had a net profit of $25.84 million.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Bentley Curran, the CIO & VP – Digital Business of BRC sold 26,000 shares for a total of $1,137,700.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Brady Corp. engages in the manufacture and market of specialty materials and identification solutions that identify and protect premises, products, and people. The company operates its business through the Identification Solutions (IDS) and Workplace Safety (WPS) segments.