Do Analysts Agree Wednesday on Brown-Forman Corporation Class B (BF.B) Stock's Target Price?

Wednesday, November 29, 2023 02:51 PM | InvestorsObserver Analysts

Mentioned in this article

Do Analysts Agree Wednesday on Brown-Forman Corporation Class B (BF.B) Stock's Target Price?

InvestorsObserver is giving Brown-Forman Corporation Class B (BF.B) an Analyst Rating Rank of 14, meaning BF.B is ranked higher by analysts than 14% of stocks. The average price target for BF.B is $68.553 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating BF.B a Buy today. Find out what this means to you and get the rest of the rankings on BF.B!

See Full BF.B Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Brown-Forman Corporation Class B Stock Today?

Brown-Forman Corporation Class B (BF.B) stock has fallen -1.38% while the S&P 500 is higher by 0.08% as of 2:37 PM on Wednesday, Nov 29. BF.B is down -$0.82 from the previous closing price of $59.26 on volume of 509,673 shares. Over the past year the S&P 500 has gained 15.19% while BF.B is down -17.83%. BF.B earned $1.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 36.67. Click Here to get the full Stock Report for Brown-Forman Corporation Class B stock.