Brown-Forman Corp (NYSE: BF.B) has reported earnings for its third fiscal quarter (ending January 31) of $0.60 versus $0.21 for the same period a year ago. E.P.S. were $2.02 for the latest four quarters through January 31 versus $1.52 for the same period a year ago.
Recent Price Action
Brown-Forman Corp (NYSE: BF.B) stock suffered a large decline of -7.3% on 3/6/24. The stock closed at $56.33. Moreover, this decline was accompanied by exceptionally high trading volume at 266% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BF.B is expected to continue to be a major Value Builder.
Brown-Forman has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Brown-Forman has a poor Power Rating of 21 and a poor Appreciation Score of 15, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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