Shares of Brown-Forman Co. (NYSE:BF.B) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $56.27.
Several brokerages recently commented on BF.B. Zacks Investment Research raised Brown-Forman from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Cowen reaffirmed a “buy” rating and issued a $58.00 price target on shares of Brown-Forman in a report on Friday, July 20th. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a report on Wednesday, August 29th. ValuEngine raised Brown-Forman from a “hold” rating to a “buy” rating in a report on Monday, July 16th. Finally, Jefferies Financial Group assumed coverage on Brown-Forman in a report on Friday, September 7th. They issued a “hold” rating on the stock.
NYSE:BF.B traded up $0.10 during midday trading on Monday, hitting $47.25. 1,392,213 shares of the stock were exchanged, compared to its average volume of 1,432,404. Brown-Forman has a one year low of $44.00 and a one year high of $59.58. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.06 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.02 and a quick ratio of 1.35.
Brown-Forman (NYSE:BF.B) last announced its earnings results on Wednesday, August 29th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Brown-Forman had a return on equity of 55.19% and a net margin of 19.34%. The firm had revenue of $766.00 million for the quarter, compared to analysts’ expectations of $761.97 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Brown-Forman will post 1.68 EPS for the current year.
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.
Further Reading: Cash Flow
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