Brokerages Set Brown-Forman Co. (NYSE:BF.B) Target Price at $57.43

Brown-Forman Co. (NYSE:BF.B) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $57.43.

A number of brokerages have recently issued reports on BF.B. MKM Partners began coverage on Brown-Forman in a report on Thursday, September 19th. They issued a “neutral” rating and a $59.00 price target on the stock. ValuEngine downgraded Brown-Forman from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $57.00 price target on Brown-Forman and gave the company a “hold” rating in a report on Monday, August 26th. Pivotal Research reiterated a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a report on Thursday, August 29th. Finally, Redburn Partners downgraded Brown-Forman from a “buy” rating to a “neutral” rating in a report on Friday, October 11th.

BF.B traded up $0.25 during trading on Monday, hitting $63.75. 36,283 shares of the stock were exchanged, compared to its average volume of 1,810,963. The firm has a 50 day simple moving average of $62.28 and a 200 day simple moving average of $56.37. The firm has a market cap of $30.31 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 4.70 and a beta of 0.65. Brown-Forman has a 1 year low of $44.57 and a 1 year high of $65.83. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.42 and a current ratio of 3.27.

Brown-Forman (NYSE:BF.B) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Brown-Forman had a return on equity of 52.13% and a net margin of 24.70%. The business had revenue of $766.00 million for the quarter, compared to the consensus estimate of $773.14 million. During the same period last year, the business posted $0.41 EPS. The business’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that Brown-Forman will post 1.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a dividend of $0.166 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.66 annualized dividend and a yield of 1.04%. Brown-Forman’s dividend payout ratio (DPR) is 38.15%.

About Brown-Forman

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.

Recommended Story: Options Trading – What is a Straddle?

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

Receive News & Ratings for Brown-Forman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown-Forman and related companies with's FREE daily email newsletter.