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Stock analysts at DA Davidson raised their price objective on shares of Beam (NASDAQ:BEAM) from $70.00 to $83.50 in a report issued on Tuesday, reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 0.38% from the stock’s previous close.

Shares of Beam (NASDAQ:BEAM) traded down 0.29% during mid-day trading on Tuesday, hitting $83.18. 10,632,728 shares of the company’s stock traded hands. Beam has a one year low of $59.66 and a one year high of $83.61. The stock has a 50-day moving average of $67.84 and a 200-day moving average of $66.16. The company has a market cap of $13.564 billion and a price-to-earnings ratio of 35.63.

Beam (NASDAQ:BEAM) last announced its earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect that Beam will post $2.59 EPS for the current fiscal year.

BEAM has been the subject of a number of other 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 analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $74.50.

Beam Inc (NASDAQ:BEAM) is a premium spirits company that makes and sells branded distilled spirits products in markets worldwide.

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