Brown-Forman Co. (NYSE:BF.B) Receives Average Rating of “Hold” from Brokerages

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Shares of Brown-Forman Co. (NYSE:BF.B) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $57.43.

BF.B has been the subject of several research analyst reports. Redburn Partners cut Brown-Forman from a “buy” rating to a “neutral” rating in a report on Friday, October 11th. Evercore ISI cut Brown-Forman from an “in-line” rating to an “underperform” rating and set a $60.00 price objective for the company. in a report on Thursday, September 19th. Barclays set a $66.00 price objective on Brown-Forman and gave the stock a “hold” rating in a report on Friday, August 30th. MKM Partners initiated coverage on Brown-Forman in a report on Thursday, September 19th. They issued a “neutral” rating and a $59.00 price objective for the company. Finally, ValuEngine cut Brown-Forman from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

BF.B traded up $0.30 on Monday, hitting $64.01. 755,877 shares of the company were exchanged, compared to its average volume of 1,350,795. The firm has a fifty day simple moving average of $62.78 and a two-hundred day simple moving average of $56.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.42 and a current ratio of 3.27. Brown-Forman has a 12 month low of $44.57 and a 12 month high of $65.83. The stock has a market capitalization of $30.41 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.65.

Brown-Forman (NYSE:BF.B) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Brown-Forman had a return on equity of 52.13% and a net margin of 24.70%. The business had revenue of $766.00 million for the quarter, compared to analyst estimates of $773.14 million. During the same period last year, the company earned $0.41 EPS. Brown-Forman’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts expect that Brown-Forman will post 1.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were paid a $0.166 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, September 5th. Brown-Forman’s payout ratio is presently 38.15%.

Brown-Forman Company Profile

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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