Brown-Forman Co. (NYSE:BF.B) dropped 1% on Thursday . The company traded as low as $52.26 and last traded at $53.41. Approximately 827,332 shares traded hands during trading, a decline of 30% from the average daily volume of 1,176,964 shares. The stock had previously closed at $52.89.
BF.B has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.20 target price (up from $39.20) on shares of Brown-Forman in a research report on Wednesday, December 6th. Pivotal Research lowered Brown-Forman from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.60 to $52.00 in a research report on Thursday, December 7th. Societe Generale raised Brown-Forman from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Credit Suisse Group reaffirmed a “neutral” rating and set a $48.80 target price (up from $44.00) on shares of Brown-Forman in a research report on Thursday, December 7th. Finally, Barclays initiated coverage on Brown-Forman in a research report on Wednesday, January 10th. They set an “equal weight” rating and a $57.60 target price for the company. Thirteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.07.
The stock has a market cap of $27,150.00, 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.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a $0.158 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, March 2nd. Brown-Forman’s payout ratio is 41.72%.
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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