How to Buy Brown Forman Stock
Brown Forman Corp
Brown Forman is a wine company located in Kentucky, United States, which is part of the Consumer Defensive sector, and is traded under the ticker BF.B on the NYSE exchange.
Brown Forman stock last closed at $49.01, down 0.77% from the previous day, and has decreased 22.92% in one year. It has underperformed other stocks in the Beverages - Wineries & Distilleries industry by 0.13 percentage points. Brown Forman stock is currently +1.16% from its 52-week low of $48.45, and -31.23% from its 52-week high of $71.27.
As of Apr 24, 2024, there are 472.52M shares of BF.B outstanding. The market cap of BF.B is $23.16B. In the past 24 hours, 1.64M BF.B shares were traded.
How to Buy Brown Forman Stock
Wondering how to invest in Brown Forman stock? Here's how.
- Choose where to buy Brown Forman stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Brown Forman stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Analyze Brown Forman stock: The Brown Forman ticker symbol is BF.B. Is Brown Forman stock a good investment? Should you buy shares of BF.B? How do BF.B's underlying business fundamentals look? Do top analysts think Brown Forman is a good buy? Why has BF.B's stock price moved recently? (Hint: Our stock market research tools can help you figure out if BF.B is a good stock to buy).
- Execute your BF.B trade: Decide if you will purchase BF.B shares at the current market price or use a limit order to buy BF.B stock at a given price.
- Get the latest news on your BF.B investment: Create a watchlist to important updates regarding your new investment in Brown Forman stock.
Step 1: Choose where to buy Brown Forman stock
You will need an online brokerage account to access the NYSE market and buy BF.B shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal information so you can buy BF.B today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the video below for more details depositing money into your investment account.
Step 4: Analyze Brown Forman stock
Once you have chosen the best place to buy Brown Forman stock, it's crucial to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.
Brown Forman shares at a glance
BF.B Due Diligence Checks
WallStreetZen was designed to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on BF.B's stock page.
How is BF.B stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge BF.B's intrinsic value.
Using relative valuations ratios:
- BF.B could be overvalued based on its P/E ratio of 24.38x, relative to Beverages - Wineries & Distilleries industry P/E ratio of 20.85x
- BF.B may be overvalued based on its P/B ratio of 7.14x, relative to Beverages - Wineries & Distilleries industry P/B ratio of 6.15x
- BF.B could be overvalued based on its PEG ratio of 4.16x
You can access additional valuation research on BF.B's stock here.
Is BF.B a healthy company?
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the BF.B balance sheet.
- BF.B profit margin has gone up from 17.4% to 22.7% in the past year.
- BF.B earnings of $1.34B is not enough to cover its interest payments.
- Total BF.B debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the BF.B balance sheet.
Failed Financial Due Diligence Checks:
- BF.B has a relatively high debt to equity ratio of 1.54.
- BF.B's operating cash flow of $592.00M allows it to safely service it's debt of $3.41B.
Is it a good time to buy BF.B stock, according to Wall Street analysts?
Out of 9 sell side analysts who give recommendations on BF.B, the consensus analyst rating on BF.B is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent BF.B Analyst Forecasts
Eric Serotta, a bottom 16% analyst from Morgan Stanley downgrades BF.B to a hold rating and lowers their BF.B price target from $68.00 to $58.00, on Jan 29, 2024.
Sean King, a top 28% analyst from UBS maintains BF.B with a hold rating and lowers their BF.B price target from $70.00 to $59.00, on Dec 7, 2023.
Gerald Pascarelli, a top 26% analyst from Wedbush maintains BF.B with a hold rating and lowers their BF.B price target from $70.00 to $65.00, on Nov 24, 2023.
Steve Powers, a top 14% analyst from Deutsche Bank maintains BF.B with a hold rating and lowers their BF.B price target from $66.00 to $63.00, on Nov 16, 2023.
You can dig deeper into what analysts are projecting on the Brown Forman stock forecast page.
BF.B Technicals
BF.B Performance Numbers
Last year, BF.B earnings were $965.00M. Over the last five year, BF.B's earnings have increased by 4.15% per year. This was faster than the Beverages - Wineries & Distilleries industry average of 0.23%.
Last year, BF.B revenue was $4.26B. In the last 5 year, BF.B's revenue has gone up by 5.16% per year. This was slower than the Beverages - Wineries & Distilleries industry average of 6.23%.
Learn more about BF.B's earnings and revenue performance here.
Are BF.B executives and large shareholders buying or selling the stock?
In the past year, insiders at BF.B have sold more shares than they have bought.
Matthew E. Hamel, EVP and General Counsel of BF.B, was the latest BF.B insider to buy. They bought $881,170.60 worth of BF.B shares on Apr 2, 2024.
Research more about who owns BF.B stock here.
Does BF.B provide a stable income stream?
Brown Forman pays a dividend of 0.44%, compared to the Beverages - Wineries & Distilleries industry's average dividend yield of 1.34%. If you owned $1,000 of BF.B stock, you would have received $4.44 in the past year.
Brown Forman dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Brown Forman dividend yield and history here.
Get opinions from other investors
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your BF.B trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open button and eToro will execute the order.
If you want additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your BF.B investment
Now that you own some shares in BF.B, you'll want to stay up-to-date on your shares.
Put BF.B on a watchlist to keep track of your BF.B stock.
BF.B Feed
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How to Buy Stock in Brown Forman
To reiterate, here are the 6 steps you need to take to buy Brown Forman stock right now:
- Choose where to buy Brown Forman stock
- Open your brokerage account
- Put funds into your brokerage account
- Analyze Brown Forman stock
- Execute your BF.B trade
- Get the latest news on your BF.B investment
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Brown Forman, get started below.
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