Morningstar Assigns “A+” Credit Rating to Brown-Forman (BF.B)
Brown-Forman (NASDAQ:BF.B) has received an “A+” credit rating from Morningstar. The credit rating agency’s “A+” rating suggests that the company is a low default risk. They also issued a positive credit outlook for the company and gave their stock a two star rating.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Brown-Forman from a “buy” rating to a “hold” rating in a research note on Thursday, August 28th. 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $90.00.
Brown-Forman (NASDAQ:BF.B) last released its earnings data on Wednesday, August 27th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $921.00 million for the quarter, compared to the consensus estimate of $947.90 million. During the same quarter last year, the company posted $0.66 earnings per share. Brown-Forman’s revenue was up 2.8% compared to the same quarter last year.
The company also recently declared a dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 4th.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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