SunTrust Banks, Inc. Reaffirms Hold Rating for Brown Forman Corporation (BF.B)
Brown Forman Corporation (NYSE:BF.B)‘s stock had its “hold” rating reaffirmed by SunTrust Banks, Inc. in a note issued to investors on Friday. They presently have a $50.00 price target on the stock.
A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Brown Forman Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 31st. Deutsche Bank AG restated a “hold” rating and set a $50.00 price objective on shares of Brown Forman Corporation in a research report on Tuesday, June 13th. Pivotal Research restated a “buy” rating and set a $62.00 price objective on shares of Brown Forman Corporation in a research report on Monday, September 4th. Societe Generale cut shares of Brown Forman Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Finally, Cowen and Company restated a “hold” rating and set a $52.00 price objective on shares of Brown Forman Corporation in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $52.20.
Brown Forman Corporation (NYSE:BF.B) last posted its quarterly earnings data on Wednesday, August 30th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. The company had revenue of $723.00 million during the quarter, compared to analysts’ expectations of $690.38 million. Brown Forman Corporation had a net margin of 17.84% and a return on equity of 53.63%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share.
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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