Brown Forman Corporation (NYSE:BF.B) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $48.25.

BF.B has been the subject of several recent research reports. Zacks Investment Research raised shares of Brown Forman Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, May 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $51.00 price objective on shares of Brown Forman Corporation in a research note on Monday, May 22nd. Citigroup Inc. lowered shares of Brown Forman Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. Credit Suisse Group cut shares of Brown Forman Corporation from an “outperform” rating to a “neutral” rating and raised their target price for the company from $51.00 to $53.00 in a report on Wednesday, June 7th. Finally, Societe Generale cut shares of Brown Forman Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 8th.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 7th will be issued a $0.183 dividend. This is a boost from Brown Forman Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 6th. This represents a $0.73 annualized dividend and a yield of Infinity. Brown Forman Corporation’s dividend payout ratio (DPR) is 42.94%.

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About Brown Forman Corporation

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.

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

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