Beam Inc Hits New 52-Week High at $83.61 (BEAM)
Shares of Beam (NASDAQ:BEAM) hit a new 52-week high during mid-day trading on Monday, Stock Ratings Network reports. The stock traded as high as $83.61 and last traded at $83.40, with a volume of 34,141,636 shares trading hands. The stock had previously closed at $66.97.
BEAM has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Beam in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $70.00 price target on the stock. Analysts at ISI Group initiated coverage on shares of Beam in a research note to investors on Friday, November 8th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $71.50.
Beam has a 52-week low of $59.66 and a 52-week high of $83.61. The stock’s 50-day moving average is $67.37 and its 200-day moving average is $66.01. The company has a market cap of $13.603 billion and a P/E ratio of 28.61.
Beam (NASDAQ:BEAM) last announced its earnings results on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.01. The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $623.11 million. During the same quarter last year, the company posted $0.62 earnings per share. Beam’s revenue was down 4.5% compared to the same quarter last year. Analysts expect that Beam will post $2.59 EPS for the current fiscal year.
Beam Inc (NASDAQ:BEAM) is a premium spirits company that makes and sells branded distilled spirits products in markets worldwide.
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