ValuEngine Upgrades Brown-Forman (NYSE:BF.B) to “Buy”

ValuEngine upgraded shares of Brown-Forman (NYSE:BF.B) from a hold rating to a buy rating in a research report report published on Monday, April 2nd.

BF.B has been the subject of a number of other reports. Barclays initiated coverage on Brown-Forman in a report on Wednesday, January 10th. They issued an equal weight rating and a $57.60 target price for the company. Credit Suisse Group reaffirmed a neutral rating and set a $48.80 price target (up from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Stifel Nicolaus reaffirmed a hold rating and set a $55.20 price target (up from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Pivotal Research raised Brown-Forman from a hold rating to a buy rating and lifted their target price for the company from $52.00 to $65.00 in a research note on Wednesday, March 7th. Finally, Zacks Investment Research cut Brown-Forman from a buy rating to a hold rating in a research note on Wednesday, February 21st. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $47.07.

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NYSE:BF.B traded up $0.15 during mid-day trading on Monday, hitting $56.05. 1,116,546 shares of the company’s stock traded hands, compared to its average volume of 1,123,275. The company has a quick ratio of 0.87, a current ratio of 1.78 and a debt-to-equity ratio of 1.47. Brown-Forman has a 12 month low of $36.74 and a 12 month high of $56.81. The company has a market cap of $26,629.75, a price-to-earnings ratio of 40.64 and a beta of 0.85.

Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Brown-Forman had a return on equity of 55.27% and a net margin of 18.15%. The company had revenue of $878.00 million during the quarter, compared to the consensus estimate of $870.06 million. During the same quarter last year, the company earned $0.47 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. analysts anticipate that Brown-Forman will post 1.48 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Brown-Forman’s previous dividend of $0.15. Brown-Forman’s payout ratio is currently 45.65%.

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Brown-Forman Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brown-Forman (NYSE:BF.B)

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