Cfra cut shares of Brown-Forman (NYSE:BF.B) from a hold rating to a sell rating in a research note issued to investors on Friday, Briefing.com Automated Import reports.
Several other research analysts also recently weighed in on BF.B. Pivotal Research reissued a buy rating and issued a $65.00 target price on shares of Brown-Forman in a research report on Thursday, August 29th. Royal Bank of Canada set a $57.00 target price on shares of Brown-Forman and gave the stock a hold rating in a research report on Monday, August 26th. Redburn Partners downgraded shares of Brown-Forman from a buy rating to a neutral rating in a research report on Friday, October 11th. MKM Partners started coverage on shares of Brown-Forman in a research report on Thursday, September 19th. They issued a neutral rating and a $59.00 target price on the stock. Finally, ValuEngine downgraded shares of Brown-Forman from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating, seven have given 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 price target of $57.13.
Shares of Brown-Forman stock traded down $0.14 during trading on Friday, hitting $64.57. The stock had a trading volume of 1,420,792 shares, compared to its average volume of 1,312,515. The stock has a 50 day simple moving average of $63.91 and a 200 day simple moving average of $58.22. The company has a market capitalization of $30.85 billion, a PE ratio of 37.32, a P/E/G ratio of 4.80 and a beta of 0.66. The company has a quick ratio of 1.42, a current ratio of 3.27 and a debt-to-equity ratio of 1.36. Brown-Forman has a 1 year low of $44.57 and a 1 year high of $66.15.
Brown-Forman (NYSE:BF.B) last released its earnings results on Wednesday, August 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $766.00 million for the quarter, compared to the consensus estimate of $773.14 million. Brown-Forman had a net margin of 24.70% and a return on equity of 52.13%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. As a group, equities analysts expect that Brown-Forman will post 1.8 earnings per share for the current fiscal year.
Brown-Forman Company Profile
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
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