Brown Forman (NYSE:BF.B) was upgraded by stock analysts at Societe Generale from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.

Several other research firms have also recently commented on BF.B. Zacks Investment Research upgraded shares of Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, August 31st. Pivotal Research reiterated a “buy” rating and set a $62.00 price target on shares of Brown Forman in a report on Monday, September 4th. SunTrust Banks reiterated a “hold” rating and set a $50.00 price target on shares of Brown Forman in a report on Friday, October 6th. Berenberg Bank reiterated a “hold” rating and set a $46.00 price target on shares of Brown Forman in a report on Monday, September 18th. Finally, Cowen reiterated a “hold” rating and set a $52.00 price target on shares of Brown Forman in a report on Thursday, August 24th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Brown Forman has an average rating of “Hold” and an average price target of $55.90.

Shares of Brown Forman (NYSE:BF.B) traded up $0.18 during mid-day trading on Thursday, hitting $66.03. 932,269 shares of the company were exchanged, compared to its average volume of 920,310. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $25,300.00, a PE ratio of 34.26 and a beta of 0.95. Brown Forman has a 52-week low of $43.72 and a 52-week high of $67.98.

Brown Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $914.00 million during the quarter, compared to analysts’ expectations of $870.60 million. Brown Forman had a net margin of 17.84% and a return on equity of 53.63%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. equities analysts forecast that Brown Forman will post 1.91 earnings per share for the current fiscal year.

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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.

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

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