#9 - Brown-Forman Corporation (NYSE:BF.A)
Brown-Forman Corporation (NYSE: BF.A) - The Louisville, Kentucky distiller Brown-Forman Corporation makes the list for being the parent company of the Jack Daniels whiskey brand. The stock is currently approaching its 52-week high and if analysts’ recommendations are to be believed, all systems are go for the stock to continue their advance. All twelve analysts who review the stock gave it a buy rating and the consensus estimate is a “strong-buy”. In June of 2018, the company announced that it had increased shipments to select overseas markets to manage the potential risk of retaliatory tariffs from Mexico. Despite those threats, the company reported fourth-quarter earnings that were up 4.7 percent. This was complemented by a 17 percent increase in net income which the company cited, in part, due to increased efficiency and productivity measures. In response to the ongoing tariffs, the company has announced that they have absorbed some, but not all of the tariff expenses. If the tariffs remain in place, it is fair to ask if the stock will be hurt as more and more of the expenses would be passed along to consumers. However, for now, the company seems to be striking a balance that appeals to investors.
About Brown-Forman
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs.
Read More - Current Price
- $40.18
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
