Brown Forman Corporation (NYSE:BF.B)‘s stock had its “hold” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday, October 6th. They presently have a $50.00 price target on the stock.
Several other analysts have also commented on BF.B. Goldman Sachs Group, Inc. (The) raised shares of Brown Forman Corporation from a “sell” rating to a “neutral” rating and set a $56.00 price target for the company in a research report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Brown Forman Corporation in a research report on Tuesday, October 3rd. Credit Suisse Group lowered shares of Brown Forman Corporation from an “outperform” rating to a “hold” rating and increased their price objective for the company from $51.00 to $53.00 in a research report on Tuesday, June 13th. Cowen and Company reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Brown Forman Corporation in a research report on Thursday, August 24th. Finally, Berenberg Bank reissued a “hold” rating and set a $46.00 price target on shares of Brown Forman Corporation in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.40.
Brown Forman Corporation (NYSE:BF.B) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The business had revenue of $723.00 million during the quarter, compared to analyst estimates of $690.38 million. Brown Forman Corporation had a net margin of 17.84% and a return on equity of 53.63%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share.
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About Brown Forman Corporation
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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