Brown-Forman Corp. Receives Average Rating of “Buy” from Brokerages (NASDAQ:BF.B)
Brown-Forman Corp. (NASDAQ:BF.B) has received an average recommendation of “Buy” from the eleven brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.62.
Brown-Forman Corp. (NASDAQ:BF.B) last announced its earnings results 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.
BF.B has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Brown-Forman Corp. in a research note on Thursday, February 13th. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
Brown-Forman Corporation manufactures, bottles, imports, exports, and markets a range of alcoholic beverage brands.
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