Brown-Forman Co. (BF.B) Receives $54.20 Average Target Price from Analysts

Shares of Brown-Forman Co. (NYSE:BF.B) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.20.

Separately, Zacks Investment Research lowered Brown-Forman from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

Shares of BF.B traded down $0.36 on Friday, hitting $51.77. The company’s stock had a trading volume of 63,890 shares, compared to its average volume of 1,043,970. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.43 and a current ratio of 3.08. Brown-Forman has a fifty-two week low of $44.57 and a fifty-two week high of $59.58. The firm has a market capitalization of $24.87 billion, a PE ratio of 34.97, a P/E/G ratio of 3.21 and a beta of 0.65.

Brown-Forman (NYSE:BF.B) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Brown-Forman had a return on equity of 55.41% and a net margin of 23.73%. The business had revenue of $904.00 million during the quarter, compared to analyst estimates of $910.71 million. During the same period in the previous year, the firm earned $0.44 EPS. Brown-Forman’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that Brown-Forman will post 1.7 EPS for the current fiscal year.

About Brown-Forman

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

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