Brown Forman (BF.B) Downgraded by Pivotal Research
Brown Forman (NYSE:BF.B) was downgraded by equities researchers at Pivotal Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Marketbeat.com reports. They currently have a $65.00 target price on the stock, up from their prior target price of $62.00. Pivotal Research’s price objective suggests a potential downside of 1.56% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 31st. Berenberg Bank reaffirmed a “hold” rating and set a $46.00 price target on shares of Brown Forman in a report on Monday, September 18th. Cowen reaffirmed a “hold” rating and set a $52.00 price target on shares of Brown Forman in a report on Thursday, August 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 price target (up previously from $49.00) on shares of Brown Forman in a report on Wednesday. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price target on shares of Brown Forman in a report on Friday, October 6th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.90.
Brown Forman (NYSE BF.B) traded up $0.18 during midday trading on Thursday, hitting $66.03. The stock had a trading volume of 932,269 shares, compared to its average volume of 920,310. The firm has a market cap of $25,300.00, a P/E ratio of 34.26 and a beta of 0.95. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.21. Brown Forman has a 12 month low of $43.72 and a 12 month high of $67.98.
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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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