Brown Forman Corporation (NYSE:BF.B) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $49.00.

Several analysts recently weighed in on BF.B shares. Zacks Investment Research raised shares of Brown Forman Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, May 9th. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price objective on shares of Brown Forman Corporation in a research note on Tuesday, June 13th. 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. Societe Generale cut shares of Brown Forman Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Finally, Citigroup Inc. cut shares of Brown Forman Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th.

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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 positive change 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 payout ratio is presently 42.94%.

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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