RBC Capital analyst Nik Modi maintained a Hold rating on Brown-Forman B (NYSE:BFb) on Wednesday, setting a price target of $72, which is approximately 8.81% below the present share price of $78.96.
Modi expects Brown-Forman B to post earnings per share (EPS) of $0.68 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in Brown-Forman B, with an average price target of $72.33.
The analysts price targets range from a high of $77 to a low of $68.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $753 million and a net profit of $260 million. The company's market cap is $38.18 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.7% and a 75.00% success rate.
Brown-Forman Corp. engages in the production and distribution of alcoholic beverages. The firm offers whiskey, scotch, tequila, vodka, liquer, and wine. Its brands include Jack Daniel, Woodford Reserve, Old Forester, Early Times, Canadian Mist, Coopers' Craft, Slane Irish, Finlandia, Korbel, El Jimador, Sonoma Cutrer, and Chambord. The company was founded by George Garvin Brown III in 1870 and is headquartered in Louisville, KY.