Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Brown-Forman Corp Market Cap
From what 17 stock analysts predict, the share price for Brown-Forman Corp (BF.B) might increase by 2.58% in the next year. This is based on a 12-month average estimation for BF.B. Price targets go from $40 to $61. The majority of stock analysts believe BF.B is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 17 Wall Street analysts have assignedBF.B 1 buy ratings, 13 hold ratings, and 3 sell ratings. This means that analysts expect Brown-Forman Corp to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BF.B. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BF.B.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Lauren Lieberman Barclays | Overweight | $53 | Upgrade | Sep 30, 2024 |
| Bill Kirk Roth MKM | Neutral | $48 | Reiterates | Sep 3, 2024 |
| Nik Modi RBC Capital | Sector Perform | $49 | Reiterates | Aug 30, 2024 |
| Andrea Teixeira JP Morgan | Neutral | $43 | Maintains | Aug 20, 2024 |
| Steve Powers Deutsche Bank | Hold | $44 | Maintains | Aug 16, 2024 |
| Lauren Lieberman Barclays | Equal-Weight | $43 | Maintains | Jul 19, 2024 |
| Bill Chappell Truist Securities | Buy | $50 | Maintains | Jun 12, 2024 |
| Nik Modi RBC Capital | Sector Perform | $49 | Maintains | Jun 6, 2024 |
| Bill Kirk Roth MKM | Neutral | $49 | Maintains | Jun 6, 2024 |
| Andrea Teixeira JP Morgan | Neutral | $44 | Maintains | Jun 6, 2024 |
| Andrea Teixeira JP Morgan | Neutral | $52 | Maintains | Jun 4, 2024 |
| Lauren Lieberman Barclays | Equal-Weight | $44 | Maintains | May 31, 2024 |
| Filippo Falorni Citigroup | Neutral | $52 | Upgrade | Apr 2, 2024 |
| Lauren Lieberman Barclays | Equal-Weight | $53 | Maintains | Mar 8, 2024 |
| Bill Kirk Roth MKM | Neutral | $55 | Reiterates | Mar 7, 2024 |
| Nik Modi RBC Capital | Sector Perform | $56 | Maintains | Mar 7, 2024 |
| Andrea Teixeira JP Morgan | Neutral | $63 | Maintains | Mar 1, 2024 |
| Eric Serotta Morgan Stanley | Equal-Weight | $58 | Downgrade | Jan 29, 2024 |
| Eric Serotta Morgan Stanley | Overweight | $68 | Maintains | Dec 8, 2023 |
| Bill Kirk Roth MKM | Neutral | $59 | Maintains | Dec 7, 2023 |
When did it IPO
1984
Staff Count
5,700
Country
United States
Sector/Industry
Consumer Defensive/Beverages - Wineries & Distilleries
CEO
Mr. Lawson E. Whiting
Market Cap
$22.21B
In 2023, BF.B generated $4.23B in revenue, which was a increase of 7.50% from the previous year. This can be seen as a signal that BF.B's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 03 Oct 2024
Sentiment - NEGATIVE
Source - CNBC Television
Summary - BofA Securities analyst Peter Galbo discussed the ongoing strike at East and Gulf Coast ports on CNBC, providing insights on its duration and potential impacts.
Why It Matters - The strike at East and Gulf Coast ports could disrupt supply chains, affecting trade volumes and shipping costs, which may impact stock prices and market forecasts.
Thu, 03 Oct 2024
Sentiment - NEGATIVE
Source - Market Watch
Summary - Bank of America warns that the ongoing dockworkers' strike may affect several companies in the consumer staples sector.
Why It Matters - A dockworkers' strike may disrupt supply chains for consumer staples, potentially affecting sales and profits of related companies, leading to volatility in their stock prices.
Tue, 10 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Brown-Forman CEO Lawson Whiting will speak at TD Cowen's Sip, Snack & Scrub Summit on September 17, 2024. The event will be webcast on the company's website.
Why It Matters - CEO Lawson Whiting's participation in a major industry summit highlights Brown-Forman's strategic positioning and potential growth insights, influencing investor sentiment and stock performance.
Thu, 12 Sep 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - Brown-Forman Corporation (BF.B) holds a "hold" rating as 1Q25 sales declined 8.4% amid weak consumer spending. FY25 organic sales growth guidance of 2-4% is seen as overly optimistic.
Why It Matters - Brown-Forman's hold rating and declining sales signal potential risks to profitability, suggesting limited growth prospects and cautious market sentiment, impacting investor confidence.
Thu, 29 Aug 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Brown-Forman B (BF.B) reported Q2 earnings of $0.41 per share, below the Zacks Consensus Estimate of $0.46, and down from $0.48 per share in the same quarter last year.
Why It Matters - Brown-Forman's earnings miss signals potential weakness in performance and could lead to a negative market reaction, impacting share prices and investor sentiment.
Thu, 29 Aug 2024
Sentiment - NEGATIVE
Source - Reuters
Summary - Brown-Forman reported first-quarter results below profit and sales estimates, impacted by increased input costs and reduced demand for its premium whiskey and spirits.
Why It Matters - Brown-Forman's missed profit and sales targets signal potential challenges in revenue growth and margin pressure, which could impact stock performance and investor sentiment.
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