Brown Forman Corporation’s (BF.B) Hold Rating Reiterated at Cowen and Company
Cowen and Company reaffirmed their hold rating on shares of Brown Forman Corporation (NYSE:BF.B) in a research note issued to investors on Thursday morning. They currently have a $52.00 price objective on the stock.
BF.B has been the subject of a number of other research reports. Royal Bank Of Canada reissued a hold rating on shares of Brown Forman Corporation in a research report on Thursday, July 27th. Citigroup Inc. downgraded shares of Brown Forman Corporation from a buy rating to a neutral rating in a research report on Wednesday, May 24th. Zacks Investment Research downgraded shares of Brown Forman Corporation from a buy rating to a hold rating in a research report on Wednesday, May 31st. Credit Suisse Group downgraded shares of Brown Forman Corporation from an outperform rating to a hold rating and lifted their price objective for the company from $51.00 to $53.00 in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG reissued a hold rating and issued a $50.00 price objective on shares of Brown Forman Corporation in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $50.71.
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The business 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 dividend of $0.183 per share. This is an increase from Brown Forman Corporation’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.73 annualized dividend and a dividend yield of Infinity. Brown Forman Corporation’s payout ratio is presently 42.94%.
Brown Forman Corporation 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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