Brown-Forman Receives Average Rating of “Buy” from Brokerages (NASDAQ:BF.B)
Shares of Brown-Forman (NASDAQ:BF.B) have been given a consensus rating of “Buy” by the nine ratings firms that are covering the company, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $89.50.
A number of research firms have recently commented on BF.B. Analysts at ISI Group downgraded shares of Brown-Forman from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, analysts at RBC Capital raised their price target on shares of Brown-Forman from $95.00 to $98.00 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock.
Brown-Forman (NASDAQ:BF.B) last released its earnings data on Wednesday, June 4th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.04. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $923.73 million. During the same quarter last year, the company posted $0.52 earnings per share. Brown-Forman’s revenue was up 3.1% compared to the same quarter last year.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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