Brokerages Set Brown-Forman Co. (NYSE:BF.B) Price Target at $104.25
Shares of Brown-Forman Co. (NYSE:BF.B) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the firm. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $101.33.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Brown-Forman from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America Corp. downgraded shares of Brown-Forman from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 13th. Finally, Credit Suisse Group AG assumed coverage on shares of Brown-Forman in a research report on Thursday, September 15th. They set an “outperform” rating for the company.
Brown-Forman (NYSE:BF.B) last posted its earnings results on Wednesday, August 31st. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $856 million for the quarter, compared to analyst estimates of $875.50 million. During the same period in the previous year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Tuesday, August 30th.
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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