Anheuser Busch Inbev SA (BUD) Receives “Outperform” Rating from Credit Suisse Group AG
A number of other research analysts have also recently commented on BUD. HSBC reaffirmed a buy rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, June 30th. Credit Agricole SA reissued an outperform rating and set a $142.00 price target on shares of Anheuser Busch Inbev SA in a research report on Friday, July 1st. Royal Bank Of Canada cut shares of Anheuser Busch Inbev SA from a sector perform rating to an underperform rating and increased their price target for the stock from $102.00 to $106.00 in a research report on Wednesday, July 6th. Vetr cut shares of Anheuser Busch Inbev SA from a buy rating to a sell rating and set a $120.10 price target on the stock. in a research report on Wednesday, July 6th. Finally, Susquehanna reissued a buy rating on shares of Anheuser Busch Inbev SA in a research report on Sunday, July 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Anheuser Busch Inbev SA presently has a consensus rating of Buy and an average target price of $133.42.
Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.60% during mid-day trading on Wednesday, hitting $126.61. 270,138 shares of the stock were exchanged. The company has a 50 day moving average of $127.19 and a 200 day moving average of $126.19. Anheuser Busch Inbev SA has a 12-month low of $110.59 and a 12-month high of $136.08. The firm has a market cap of $203.56 billion and a P/E ratio of 53.56.
Anheuser Busch Inbev SA (NYSE:BUD) last posted its earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.06. The company earned $10.81 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same period in the previous year, the company earned $1.21 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in Anheuser Busch Inbev SA by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 257,529 shares of the company’s stock worth $32,104,000 after buying an additional 24,522 shares during the period. Bank of Montreal Can acquired a new stake in Anheuser Busch Inbev SA during the second quarter worth approximately $34,562,000. Lazard Asset Management LLC increased its stake in Anheuser Busch Inbev SA by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,046,191 shares of the company’s stock worth $130,417,000 after buying an additional 14,042 shares during the period. Mariner Wealth Advisors LLC acquired a new stake in Anheuser Busch Inbev SA during the first quarter worth approximately $416,000. Finally, Renaissance Technologies LLC increased its stake in Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock worth $49,530,000 after buying an additional 314,209 shares during the period.
About Anheuser Busch Inbev SA
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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