Credit Suisse Group Reiterates Neutral Rating for Brown Forman (BF.B)
Brown Forman (NYSE:BF.B)‘s stock had its “neutral” rating reissued by investment analysts at Credit Suisse Group in a research note issued to investors on Thursday, The Fly reports. They currently have a $61.00 price objective on the stock, up from their previous price objective of $55.00. Credit Suisse Group’s target price suggests a potential downside of 7.37% from the stock’s current price.
A number of other equities research analysts have also weighed in on the company. Societe Generale raised Brown Forman from a “sell” rating to a “hold” rating in a research report on Thursday. Pivotal Research cut Brown Forman from a “buy” rating to a “hold” rating and boosted their price objective for the company from $62.00 to $65.00 in a report on Thursday. Stifel Nicolaus reissued a “hold” rating and issued a $69.00 price objective (up previously from $49.00) on shares of Brown Forman in a report on Wednesday. Cowen reissued a “hold” rating and issued a $54.00 price objective on shares of Brown Forman in a report on Thursday, October 12th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued 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 given a buy rating to the company’s stock. Brown Forman has a consensus rating of “Hold” and an average target price of $55.90.
Brown Forman (BF.B) opened at $65.85 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07. Brown Forman has a 1-year low of $43.72 and a 1-year high of $67.98. The firm has a market capitalization of $23,828.58, a PE ratio of 34.26 and a beta of 0.96.
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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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