Brown-Forman Receives Average Rating of “Buy” from Brokerages (NASDAQ:BF.B)
Shares of Brown-Forman (NASDAQ:BF.B) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the stock, Analyst Ratings Network.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $89.50.
Brown-Forman (NASDAQ:BF.B) last issued its quarterly 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.
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, August 11th. 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 Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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