Brown-Forman Co. (BF.B) Given Average Rating of “Hold” by Brokerages

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Shares of Brown-Forman Co. (NYSE:BF.B) have been given an average recommendation of “Hold” by the ten analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $54.20.

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of Brown-Forman from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Goldman Sachs Group cut shares of Brown-Forman from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $47.00 price target on shares of Brown-Forman in a research report on Thursday, December 13th. UBS Group initiated coverage on Brown-Forman in a research note on Thursday, December 13th. They issued a “neutral” rating and a $48.00 price target on the stock. Finally, Pivotal Research reissued a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a research note on Wednesday, December 5th.

Shares of Brown-Forman stock traded up $0.04 on Wednesday, reaching $48.16. The company had a trading volume of 29,959 shares, compared to its average volume of 1,364,077. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.16 and a beta of 0.67. Brown-Forman has a 52-week low of $44.57 and a 52-week high of $59.58. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.41 and a current ratio of 3.06.

Brown-Forman (NYSE:BF.B) last posted its quarterly earnings results on Wednesday, December 5th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Brown-Forman had a net margin of 21.01% and a return on equity of 57.47%. The company had revenue of $910.00 million during the quarter, compared to analysts’ expectations of $931.13 million. Equities analysts expect that Brown-Forman will post 1.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a $0.166 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.66 annualized dividend and a yield of 1.38%. Brown-Forman’s dividend payout ratio (DPR) is currently 44.59%.

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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Analyst Recommendations for Brown-Forman (NYSE:BF.B)

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