Pivotal Research upgraded shares of Brown-Forman (NYSE:BF.B) from a hold rating to a buy rating in a report released on Wednesday, MarketBeat reports. The brokerage currently has $65.00 price objective on the stock, up from their previous price objective of $52.00.
BF.B has been the subject of a number of other research reports. Barclays initiated coverage on shares of Brown-Forman in a report on Wednesday, January 10th. They issued an equal weight rating and a $57.60 target price for the company. Credit Suisse Group reissued a neutral rating and issued a $48.80 target price (up previously from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Stifel Nicolaus reissued a hold rating and issued a $55.20 target price (up previously from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Zacks Investment Research cut shares of Brown-Forman from a buy rating to a hold rating in a report on Wednesday, February 21st. Finally, BMO Capital Markets initiated coverage on shares of Brown-Forman in a report on Monday, February 5th. They issued a market perform rating for the company. Thirteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $47.07.
Brown-Forman (BF.B) opened at $55.05 on Wednesday. The company has a market cap of $26,370.00, a PE ratio of 36.46 and a beta of 0.89. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 1.47. Brown-Forman has a fifty-two week low of $36.33 and a fifty-two week high of $56.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a $0.158 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.15%. Brown-Forman’s dividend payout ratio (DPR) is presently 41.72%.
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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.
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