Brown-Forman Co. (BF.B) Receives Average Recommendation of “Hold” from Analysts

Brown-Forman Co. (NYSE:BF.B) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $54.20.

BF.B has been the subject of several recent research reports. Zacks Investment Research cut shares of Brown-Forman from a “hold” rating to a “sell” rating in a report on Monday, December 3rd. Pivotal Research restated a “buy” rating and set a $65.00 price target on shares of Brown-Forman in a research report on Wednesday, December 5th. UBS Group initiated coverage on shares of Brown-Forman in a research report on Thursday, December 13th. They set a “neutral” rating and a $48.00 price target on the stock. Jefferies Financial Group restated a “hold” rating and set a $47.00 price target on shares of Brown-Forman in a research report on Thursday, December 13th. Finally, Goldman Sachs Group lowered shares of Brown-Forman from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 8th.

BF.B stock traded up $0.04 during mid-day trading on Wednesday, hitting $48.16. The company had a trading volume of 29,959 shares, compared to its average volume of 1,364,077. The stock has a market cap of $22.95 billion, a P/E ratio of 32.56, a PEG ratio of 3.16 and a beta of 0.67. Brown-Forman has a 12-month low of $44.57 and a 12-month high of $59.58. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 1.53.



Brown-Forman (NYSE:BF.B) last issued its earnings results on Wednesday, December 5th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $910.00 million for the quarter, compared to the consensus estimate of $931.13 million. Brown-Forman had a net margin of 21.01% and a return on equity of 57.47%. On average, analysts anticipate that Brown-Forman will post 1.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be given a $0.166 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.66 annualized dividend and a dividend yield of 1.38%. Brown-Forman’s dividend payout ratio (DPR) is 44.59%.

Brown-Forman Company Profile

Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.

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Analyst Recommendations for Brown-Forman (NYSE:BF.B)

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