Shares of Brown-Forman Co. (NYSE:BF.B) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.60.
Several equities analysts have weighed in on BF.B shares. ValuEngine raised Brown-Forman from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th. Pivotal Research reissued a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a research note on Thursday, June 6th. Barclays set a $60.00 price target on Brown-Forman and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, Zacks Investment Research cut Brown-Forman from a “hold” rating to a “sell” rating in a research note on Friday, May 24th.
NYSE BF.B traded down $0.88 on Wednesday, hitting $54.00. 11,777 shares of the company were exchanged, compared to its average volume of 1,051,877. The company’s 50 day moving average price is $55.72. 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 cap of $26.19 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 4.09 and a beta of 0.70. Brown-Forman has a twelve month low of $44.57 and a twelve month high of $57.98.
Brown-Forman (NYSE:BF.B) last released its earnings results on Wednesday, June 5th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Brown-Forman had a return on equity of 55.62% and a net margin of 25.12%. The company had revenue of $744.00 million for the quarter, compared to analysts’ expectations of $761.71 million. Equities research analysts expect that Brown-Forman will post 1.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be paid a $0.166 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.66 annualized dividend and a dividend yield of 1.23%. Brown-Forman’s payout ratio is 38.15%.
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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