Brown Forman (NYSE:BF.B)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research note issued on Wednesday. They currently have a $69.00 price objective on the stock. Stifel Nicolaus’ target price indicates a potential upside of 4.78% from the company’s previous close.
BF.B has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $51.00 target price on shares of Brown Forman in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Thursday, August 31st. Goldman Sachs Group raised shares of Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 target price for the company in a report on Thursday, September 28th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 target price on shares of Brown Forman in a report on Friday, October 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $46.00 target price on shares of Brown Forman in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.80.
Brown Forman (NYSE BF.B) traded up $4.04 during trading on Wednesday, hitting $65.85. 1,495,550 shares of the stock were exchanged, compared to its average volume of 920,260. Brown Forman has a fifty-two week low of $43.72 and a fifty-two week high of $67.98. The stock has a market capitalization of $23,910.00, a price-to-earnings ratio of 34.30 and a beta of 0.95. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07.
Brown Forman (NYSE:BF.B) last released its earnings results on Wednesday, December 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. Brown Forman had a net margin of 17.84% and a return on equity of 53.63%. The business had revenue of $914.00 million during the quarter, compared to analyst estimates of $870.60 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities analysts expect that Brown Forman will post 1.91 EPS for the current fiscal year.
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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