Brown-Forman Corp (NYSE: BF-B) is -28.20% lower on its value in year-to-date trading and has touched a low of $40.08 and a high of $60.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BF-B stock was last observed hovering at around $40.53 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $41.00, the stock is -8.39% and -11.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing 1.16% at the moment leaves the stock -14.51% off its SMA200. BF-B registered -30.61% loss for a year compared to 6-month gain of -15.79%. The firm has a 50-day simple moving average (SMA 50) of $46.302 and a 200-day simple moving average (SMA200) of $47.9582.
The stock witnessed a -17.04% loss in the last 1 month and extending the period to 3 months gives it a -9.25%, and is -1.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.90% over the week and 2.38% over the month.
Brown-Forman Corp (BF-B) has around 5700 employees, a market worth around $19.23B and $4.08B in sales. Current P/E ratio is 19.73 and Fwd P/E is 21.73. Profit margin for the company is 24.24%. Distance from 52-week low is 2.31% and -32.75% from its 52-week high. The company has generated returns on investments over the last 12 months (16.89%).
The EPS is expected to shrink by -16.87% this year
894.0 institutions hold shares in Brown-Forman Corp (BF-B), with institutional investors hold 62.30% of the company’s shares. The shares outstanding are 303.49M, and float is at 288.67M with Short Float at 6.28%. Institutions hold 61.07% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.36 million shares valued at $1.35 billion. The investor’s holdings represent 6.5941 of the BF-B Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.88 million shares valued at $599.49 million to account for 2.9185 of the shares outstanding. The other top investors are STATE STREET CORP which holds 12.14 million shares representing 2.5534 and valued at over $527.09 million, while FUNDSMITH LLP holds 2.342 of the shares totaling 11.14 million with a market value of $481.08 million.
