MKM Partners initiated coverage on shares of Brown-Forman (NYSE:BF.B) in a research report sent to investors on Thursday, September 19th, The Fly reports. The firm issued a neutral rating and a $59.00 price target on the stock.
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Brown-Forman from a hold rating to a sell rating in a research report on Friday, May 24th. Barclays set a $66.00 target price on Brown-Forman and gave the company a hold rating in a research report on Friday, August 30th. Pivotal Research restated a buy rating and set a $65.00 price target on shares of Brown-Forman in a report on Thursday, August 29th. ValuEngine upgraded Brown-Forman from a hold rating to a buy rating in a report on Thursday, June 6th. Finally, Evercore ISI lowered Brown-Forman from an in-line rating to an underperform rating and set a $60.00 price target on the stock. in a report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Brown-Forman presently has an average rating of Hold and an average price target of $57.13.
Shares of Brown-Forman stock traded up $0.37 during trading on Thursday, reaching $62.98. 1,225,576 shares of the company traded hands, compared to its average volume of 2,004,340. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.27 and a quick ratio of 1.42. Brown-Forman has a 1-year low of $44.57 and a 1-year high of $65.83. The company has a 50 day moving average price of $61.76 and a 200-day moving average price of $56.11. The firm has a market capitalization of $30.06 billion, a PE ratio of 36.40, a P/E/G ratio of 4.64 and a beta of 0.65.
Brown-Forman (NYSE:BF.B) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $773.14 million. Brown-Forman had a net margin of 24.70% and a return on equity of 52.13%. Brown-Forman’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Equities research analysts expect that Brown-Forman will post 1.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a $0.166 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. Brown-Forman’s payout ratio is 38.15%.
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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