Brown-Forman (NYSE:BF.B) Earns Equal Weight Rating from Analysts at Barclays

Stock analysts at Barclays initiated coverage on shares of Brown-Forman (NYSE:BF.B) in a note issued to investors on Wednesday, January 10th. The brokerage set an “equal weight” rating and a $72.00 price target on the stock. Barclays’ price target suggests a potential upside of 13.83% from the stock’s previous close.

Several other analysts have also recently commented on BF.B. Berenberg Bank reiterated a “hold” rating and issued a $46.00 price objective on shares of Brown-Forman in a research note on Monday, September 18th. Goldman Sachs Group upgraded shares of Brown-Forman from a “sell” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Thursday, September 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $51.00 price objective on shares of Brown-Forman in a research note on Tuesday, October 3rd. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price objective on shares of Brown-Forman in a research note on Friday, October 6th. Finally, Cowen restated a “hold” rating and set a $54.00 target price on shares of Brown-Forman in a research report on Thursday, October 12th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.36.

Brown-Forman (NYSE:BF.B) traded down $1.39 during mid-day trading on Wednesday, hitting $63.25. 175,647 shares of the stock traded hands, compared to its average volume of 810,181. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.53 and a quick ratio of 1.24. Brown-Forman has a one year low of $45.42 and a one year high of $69.90. The firm has a market cap of $24,770.00, a PE ratio of 33.67 and a beta of 0.93.

Brown-Forman’s stock is scheduled to split on the morning of Wednesday, February 28th. The 5-4 split was announced on Tuesday, January 23rd. The newly issued shares will be payable to shareholders after the market closes on Tuesday, February 27th.

Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.09. Brown-Forman had a net margin of 18.39% and a return on equity of 53.15%. The firm had revenue of $914.00 million during the quarter, compared to analysts’ expectations of $870.60 million. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities research analysts forecast that Brown-Forman will post 2 earnings per share for the current year.

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About Brown-Forman

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.

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

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