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

Shares of Brown-Forman Co. (NYSE:BF.B) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.17.

Several analysts have recently commented on BF.B shares. ValuEngine downgraded Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Barclays set a $60.00 target price on Brown-Forman and gave the company a “hold” rating in a research note on Friday, June 7th. Zacks Investment Research downgraded Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Finally, Pivotal Research upgraded Snap from a “hold” rating to a “buy” rating and raised their target price for the company from $13.25 to $17.25 in a research note on Thursday, June 6th.

Shares of BF.B traded down $0.33 during trading hours on Friday, hitting $56.05. The stock had a trading volume of 946,427 shares, compared to its average volume of 1,342,437. The company has a quick ratio of 1.71, a current ratio of 3.87 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $54.87. The firm has a market cap of $26.75 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 4.20 and a beta of 0.73. Brown-Forman has a 1-year low of $44.57 and a 1-year high of $57.98.

Brown-Forman (NYSE:BF.B) last issued its earnings results on Wednesday, June 5th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The company had revenue of $744.00 million during the quarter, compared to the consensus estimate of $761.71 million. Brown-Forman had a return on equity of 55.62% and a net margin of 25.12%. On average, research analysts forecast that Brown-Forman will post 1.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 6th were paid a dividend of $0.166 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. Brown-Forman’s dividend payout ratio (DPR) is currently 38.15%.

About Brown-Forman

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.

Read More: What Are Cryptocurrencies?

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

Receive News & Ratings for Brown-Forman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown-Forman and related companies with's FREE daily email newsletter.