Brown-Forman Co. (NYSE:BF.B) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $55.17.
Several research firms have commented on BF.B. Barclays set a $60.00 price target on Brown-Forman and gave the company a “hold” rating in a report on Friday, June 7th. Zacks Investment Research raised Brown-Forman from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, March 8th. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a report on Thursday, June 6th. Finally, ValuEngine raised Brown-Forman from a “hold” rating to a “buy” rating in a report on Thursday, June 6th.
Brown-Forman stock opened at $57.29 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 3.87 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 4.34 and a beta of 0.67. Brown-Forman has a 12 month low of $44.57 and a 12 month high of $57.98.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 6th will be issued a $0.166 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. Brown-Forman’s payout ratio is presently 38.15%.
Brown-Forman Company Profile
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
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