Brown-Forman (NYSE:BF.B) Cut to Underperform at Evercore ISI

Brown-Forman (NYSE:BF.B) was downgraded by equities researchers at Evercore ISI from an “in-line” rating to an “underperform” rating in a research note issued to investors on Thursday, September 19th, The Fly reports. They currently have a $60.00 price objective on the stock. Evercore ISI’s price objective suggests a potential downside of 4.26% from the stock’s previous close.

Several other research firms have also commented on BF.B. ValuEngine raised Brown-Forman from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Pivotal Research reaffirmed a “buy” rating and set a $65.00 price target on shares of Brown-Forman in a research report on Thursday, August 29th. Barclays set a $66.00 target price on Brown-Forman and gave the company a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada set a $57.00 target price on Brown-Forman and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Zacks Investment Research lowered Brown-Forman from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.13.

Shares of BF.B opened at $62.67 on Thursday. The stock has a 50-day simple moving average of $60.08 and a 200-day simple moving average of $55.28. The stock has a market capitalization of $29.99 billion, a PE ratio of 36.23, a PEG ratio of 4.67 and a beta of 0.65. Brown-Forman has a 1 year low of $44.57 and a 1 year high of $65.83. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.42 and a current ratio of 3.27.

Brown-Forman (NYSE:BF.B) last posted 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 firm had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $773.14 million. Brown-Forman had a return on equity of 52.13% and a net margin of 24.70%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Analysts predict that Brown-Forman will post 1.8 EPS for the current year.

About Brown-Forman

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.

See Also: Consumer Price Index (CPI)

The Fly

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

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