Anheuser Busch Reaches New 12-Month High at $104.56 (BUD)
Anheuser Busch (NYSE:BUD)’s share price reached a new 52-week high during mid-day trading on Tuesday, Analyst RN reports. The stock traded as high as $104.56 and last traded at $103.67, with a volume of 837,065 shares traded. The stock had previously closed at $102.63.
Several analysts have recently commented on the stock. Analysts at Nomura downgraded shares of Anheuser Busch from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, September 12th. Separately, analysts at Deutsche Bank initiated coverage on shares of Anheuser Busch in a research note to investors on Thursday, August 1st. They set a “hold” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Anheuser Busch from an “outperform” rating to a “buy” rating in a research note to investors on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Anheuser Busch has a consensus rating of “Hold” and a consensus target price of $84.20.
Anheuser Busch has a 1-year low of $81.60 and a 1-year high of $101.86. The stock’s 50-day moving average is $96.37 and its 200-day moving average is $94.96. The company has a market cap of $166.3 billion and a price-to-earnings ratio of 12.76.
Anheuser Busch (NYSE:BUD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.12. The company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.40 billion. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Anheuser Busch will post $4.84 EPS for the current fiscal year.
Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands.
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