Brown-Forman B (BF.B) Gets a Hold from RBC Capital

In a report released today, Nik Modi from RBC Capital maintained a Hold rating on Brown-Forman B, with a price target of $30.00. The company’s shares closed yesterday at $31.04.

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According to TipRanks, Modi is an analyst with an average return of -1.3% and a 49.90% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Primo Brands, B&G Foods, and Church & Dwight.

Currently, the analyst consensus on Brown-Forman B is a Hold with an average price target of $32.58, implying a 4.96% upside from current levels. In a report released on August 22, UBS also maintained a Hold rating on the stock with a $33.00 price target.

Based on Brown-Forman B’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $894 million and a net profit of $146 million. In comparison, last year the company earned a revenue of $964 million and had a net profit of $266 million