Brown-Forman Corp (NYSE: BF.B) has reported earnings for its second fiscal quarter (ending October 31) of $0.50 versus $0.47 for the same period a year ago — an increase of 6%. For the latest four quarters through October 31, E.P.S. were $1.63 versus $1.85 for the same period a year ago — a decline of -12%.
Recent Price Action
Brown-Forman Corp (NYSE: BF.B) stock closed at $53.98 on 12/6/23 after a major decline of -10.4%. Moreover, exceptionally high trading volume at 291% of normal accompanied the decline. The stock has declined -8.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BF.B is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Brown-Forman has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Brown-Forman has a neutral Power Rating of 42 but a very low Appreciation Score of 15, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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