Brown-Forman Co. (NYSE:BF.B) Receives $54.60 Consensus Target Price from Brokerages

Brown-Forman Co. (NYSE:BF.B) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $54.60.

Several research analysts have recently issued reports on BF.B shares. Barclays set a $60.00 target price on shares of Brown-Forman and gave the stock a “hold” rating in a research note on Friday, June 7th. Zacks Investment Research downgraded shares of Brown-Forman from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Pivotal Research reiterated a “buy” rating and issued a $65.00 target price on shares of Brown-Forman in a research note on Thursday, June 6th. Finally, ValuEngine upgraded shares of Brown-Forman from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th.

NYSE:BF.B traded up $0.21 during mid-day trading on Wednesday, hitting $54.40. 988,800 shares of the company’s stock were exchanged, compared to its average volume of 1,267,405. Brown-Forman has a one year low of $44.57 and a one year high of $57.98. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.71 and a current ratio of 3.87. The company has a fifty day moving average price of $55.62. The stock has a market cap of $25.91 billion, a P/E ratio of 31.45, a PEG ratio of 4.09 and a beta of 0.70.

Brown-Forman (NYSE:BF.B) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Brown-Forman had a net margin of 25.12% and a return on equity of 55.62%. The business had revenue of $744.00 million for the quarter, compared to analyst estimates of $761.71 million. Equities analysts predict that Brown-Forman will post 1.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a dividend of $0.166 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.66 annualized dividend and a dividend yield of 1.22%. Brown-Forman’s payout ratio is 38.15%.

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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