Brokerages Set Brown-Forman Co. (BF.B) Price Target at $56.27

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Shares of Brown-Forman Co. (NYSE:BF.B) have received a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $56.27.

A number of equities analysts have recently commented on BF.B shares. Pivotal Research reissued a “buy” rating and set a $65.00 price objective on shares of Brown-Forman in a research report on Wednesday, August 29th. Deutsche Bank boosted their price objective on Brown-Forman from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded Brown-Forman from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Jefferies Financial Group started coverage on Brown-Forman in a research note on Friday, September 7th. They set a “hold” rating for the company. Finally, ValuEngine upgraded Brown-Forman from a “hold” rating to a “buy” rating in a research note on Monday, July 16th.

NYSE BF.B opened at $47.02 on Monday. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.08 and a beta of 0.82. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.02 and a quick ratio of 1.35. Brown-Forman has a 1-year low of $43.87 and a 1-year high of $59.58.

Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, August 29th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Brown-Forman had a return on equity of 55.19% and a net margin of 19.34%. The business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $761.97 million. During the same period in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Brown-Forman will post 1.68 earnings per share for the current fiscal year.

About Brown-Forman

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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