#5 - Brown-Forman (NYSE:BF.B)
Brown-Forman Corporation (NYSE: BF.B) is another leading spirits manufacturer. The company has over 40 brands in 170 countries and includes the iconic Jack Daniels brand.
The company’s stock is down nearly 30% in 2024 as it continues to report year-over-year declines in revenue and earnings. This is evidence of the company’s own reports that show a slowdown in volume in virtually every category.
Even with the stock’s dismal performance, analysts are maintaining a mixed outlook. The consensus price target of $52.75 is a 30% increase over the stock’s closing price on November 18, 2024.
The stock performance may be concerning. However, the company is a dividend aristocrat with over 30 consecutive years of dividend growth. That hasn’t been enough to prevent the company from posting a negative 37% total return over the past five years. But when you look at the stock over a longer period, you can see that this has been a stock that’s rewarded investors for both growth and income.
About Brown-Forman
Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, 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
- $40.41
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $52.75 (30.5% Upside)
