Analysts at BMO Capital Markets began coverage on shares of Brown-Forman (NYSE:BF.B) in a report issued on Monday, The Fly reports. The brokerage set a “market perform” rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Barclays started coverage on shares of Brown-Forman in a report on Wednesday, January 10th. They issued an “equal weight” rating and a $72.00 price objective for the company. Credit Suisse Group reissued a “neutral” rating and issued a $61.00 price objective (up previously from $55.00) on shares of Brown-Forman in a report on Thursday, December 7th. 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, December 6th. Societe Generale raised shares of Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Pivotal Research lowered shares of Brown-Forman from a “buy” rating to a “hold” rating and upped their price objective for the company from $62.00 to $65.00 in a report on Thursday, December 7th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.36.
Shares of Brown-Forman (NYSE:BF.B) traded down $2.36 on Monday, hitting $64.64. 1,010,306 shares of the company were exchanged, compared to its average volume of 842,859. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.53 and a quick ratio of 1.24. Brown-Forman has a 12-month low of $45.12 and a 12-month high of $69.90. The stock has a market capitalization of $25,170.00, a price-to-earnings ratio of 33.67 and a beta of 0.93.
Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. Brown-Forman had a net margin of 18.39% and a return on equity of 53.15%. The firm had revenue of $914.00 million during the quarter, compared to analyst estimates of $870.60 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Brown-Forman’s quarterly revenue was up 10.1% on a year-over-year basis. equities analysts anticipate that Brown-Forman will post 2 EPS for the current 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.
