Brown-Forman Co. (NASDAQ:BF.B) Given Consensus Recommendation of “Hold” by Analysts

Shares of Brown-Forman Co. (NASDAQ:BF.B) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $105.39.

Brown-Forman (NASDAQ:BF.B) last issued its quarterly earnings results on Wednesday, December 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.03. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $0.97 EPS. The company’s revenue was down 3.4% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 30th. Shareholders of record on Thursday, December 3rd were paid a $0.34 dividend. The ex-dividend date was Tuesday, December 1st. This represents a $1.36 dividend on an annualized basis and a yield of Infinity.

A number of analysts have recently issued reports on BF.B shares. Morgan Stanley downgraded Brown-Forman from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 28th. Societe Generale boosted their target price on Brown-Forman from $105.00 to $113.00 in a research report on Monday, September 28th. Zacks Investment Research upgraded Brown-Forman from a “sell” rating to a “hold” rating in a research report on Tuesday, December 22nd. Stifel Nicolaus downgraded Brown-Forman from a “buy” rating to a “hold” rating in a research report on Friday, October 23rd. Finally, Deutsche Bank restated a “hold” rating on shares of Brown-Forman in a research report on Sunday, December 6th.

12 Month Chart for NASDAQ:BF.B

Brown-Forman Corporation manufactures, bottles, imports, exports, markets and sells alcoholic beverages. The Company’s principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s ready-to-drinks (NASDAQ:BF), Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel, Finlandia Vodkas, Finlandia RTDs, Southern Comfort, Southern Comfort flavored line extensions, Southern Comfort RTDs, Early Times Kentucky Whisky, Early Times Fire Eater, Early Times Kentucky Bourbon, Korbel California Champagnes, Korbel California Brandy and el Jimador Tequilas, among others. The Company’s international markets include Australia, the United Kingdom, Mexico, Germany, Poland, France, Russia, Turkey, Canada and Japan. The Company’s products are sold in more than 160 countries around the world.

 

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