BF.A Stock Summary and Trading Ideas (Brown-Forman | NYSE:BF.A)

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and voting power of the company.

Brown-Forman trades on the NYSE stock market under the symbol BF.A.

As of May 6, 2024, BF.A stock price declined to $47.94 with 38,252 million shares trading.

BF.A has a beta of 0.84, meaning it tends to be less sensitive to market movements. BF.A has a correlation of 0.19 to the broad based SPY ETF.

BF.A has a market cap of $22.97 billion. This is considered a Large Cap stock.

In the last 3 years, BF.A stock traded as high as $76.60 and as low as $47.91.

The top ETF exchange traded funds that BF.A belongs to (by Net Assets): VTI, VO, VUG, VOT, IWP.

BF.A has underperformed the market in the last year with a price return of -25.1% while the SPY ETF gained +28.3%. BF.A has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.5% and -4.9%, respectively, while the SPY returned +4.8% and +4.3%, respectively.

BF.A support price is $48.31 and resistance is $49.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BF.A stock will trade within this expected range on the day.