Brown Forman Corporation (NYSE:BF.B) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $48.25.

A number of equities analysts recently commented on the company. Societe Generale downgraded Brown Forman Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 price target on shares of Brown Forman Corporation in a research note on Tuesday, June 13th. Credit Suisse Group downgraded Brown Forman Corporation from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $51.00 to $53.00 in a research note on Wednesday, June 7th. Zacks Investment Research upgraded Brown Forman Corporation from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, May 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $51.00 price target on shares of Brown Forman Corporation in a research note on Monday, May 22nd.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 7th will be paid a $0.183 dividend. This represents a $0.73 dividend on an annualized basis and a yield of Infinity. This is an increase from Brown Forman Corporation’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 6th. Brown Forman Corporation’s dividend payout ratio (DPR) is 42.94%.

Brown Forman Corporation Company Profile

Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.

Analyst Recommendations for Brown Forman Corporation (NYSE:BF.B)

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