Brown Forman (BF.B) Receives “Hold” Rating from Stifel Nicolaus
Brown Forman (NYSE:BF.B)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research note issued on Wednesday. They currently have a $69.00 price objective on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 4.78% from the company’s current price.
BF.B has been the topic of a number of other reports. SunTrust Banks reiterated a “hold” rating and issued a $50.00 target price on shares of Brown Forman in a report on Friday, October 6th. Pivotal Research reiterated a “buy” rating and issued a $62.00 target price on shares of Brown Forman in a report on Monday, September 4th. Zacks Investment Research upgraded Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, August 31st. Berenberg Bank reiterated a “hold” rating and issued a $46.00 target price on shares of Brown Forman in a report on Monday, September 18th. Finally, Goldman Sachs Group upgraded Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 target price on the stock in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.80.
Shares of Brown Forman (BF.B) traded up $4.04 during mid-day trading on Wednesday, hitting $65.85. 1,495,550 shares of the stock traded hands, compared to its average volume of 920,260. The firm has a market cap of $23,910.00, a P/E ratio of 34.30 and a beta of 0.95. Brown Forman has a one year low of $43.72 and a one year high of $67.98. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.21.
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About Brown Forman
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.
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