Brown-Forman Corp. Coverage Initiated at Citigroup Inc. (BF.B)
Equities researchers at Citigroup Inc. started coverage on shares of Brown-Forman Corp. (NASDAQ:BF.B) in a research report issued on Thursday, AnalystRatings.Net reports. The firm set a “buy” rating on the stock.
Brown-Forman Corp. (NASDAQ:BF.B) last released its earnings data on Wednesday, December 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Brown-Forman Corp. in a research note on Tuesday, February 4th. They set a “buy” rating and a $88.00 price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of Brown-Forman Corp. in a research note on Thursday, January 30th. They set a “hold” rating on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Brown-Forman Corp. in a research note on Thursday, January 30th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.62.
Brown-Forman Corporation manufactures, bottles, imports, exports, and markets a range of alcoholic beverage brands.
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