Brown-Forman (NYSE:BF.B) Stock Passes Above 200 Day Moving Average of $54.32
Brown-Forman Co. (NYSE:BF.B) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.32 and traded as high as $64.20. Brown-Forman shares last traded at $64.10, with a volume of 49,086 shares.
Several brokerages have weighed in on BF.B. ValuEngine upgraded Brown-Forman from a “hold” rating to a “buy” rating in a report on Thursday, June 6th. Barclays set a $66.00 price target on Brown-Forman and gave the stock a “hold” rating in a report on Friday, August 30th. Pivotal Research reiterated a “buy” rating and issued a $65.00 price objective on shares of Brown-Forman in a report on Thursday, August 29th. Royal Bank of Canada set a $57.00 price objective on Brown-Forman and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Zacks Investment Research downgraded Brown-Forman from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.33.
The firm has a market cap of $30.53 billion, a PE ratio of 37.10, a P/E/G ratio of 4.85 and a beta of 0.65. The company has a current ratio of 3.27, a quick ratio of 1.42 and a debt-to-equity ratio of 1.36. The business has a fifty day moving average price of $57.67 and a 200 day moving average price of $54.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.166 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. Brown-Forman’s payout ratio is currently 38.15%.
Brown-Forman Company Profile (NYSE:BF.B)
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
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