Brown-Forman Co. Class B (NYSE:BF.B) was downgraded by research analysts at Societe Generale from a “hold” rating to a “sell” rating in a report issued on Tuesday, The Fly reports.
Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Brown-Forman Co. Class B from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, May 8th. Pivotal Research raised Brown-Forman Co. Class B from a “hold” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $65.00 in a research report on Wednesday, March 7th. Finally, ValuEngine raised Brown-Forman Co. Class B from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.93.
NYSE:BF.B opened at $52.14 on Tuesday. The firm has a market capitalization of $25.45 billion, a P/E ratio of 35.23 and a beta of 0.86. Brown-Forman Co. Class B has a twelve month low of $37.71 and a twelve month high of $59.58. The company has a current ratio of 3.11, a quick ratio of 1.43 and a debt-to-equity ratio of 1.78.
Brown-Forman Co. Class B (NYSE:BF.B) last released its quarterly earnings results on Wednesday, June 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $754.56 million. Brown-Forman Co. Class B had a net margin of 18.00% and a return on equity of 53.10%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. analysts predict that Brown-Forman Co. Class B will post 1.8 earnings per share for the current fiscal year.
About Brown-Forman Co. Class B
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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