Anheuser Busch Upgraded to “Buy” by Nomura (BUD)
Anheuser Busch (NYSE:BUD) was upgraded by stock analysts at Nomura from a “neutral” rating to a “buy” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Anheuser Busch (NYSE:BUD) traded up 0.27% on Wednesday, hitting $103.21. 1,295,770 shares of the company’s stock traded hands. Anheuser Busch has a one year low of $83.94 and a one year high of $106.83. The stock’s 50-day moving average is $103.0 and its 200-day moving average is $99.0. The company has a market cap of $165.5 billion and a P/E ratio of 12.31.
Anheuser Busch (NYSE:BUD) last released its earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.59. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.04 billion. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that Anheuser Busch will post $4.77 EPS for the current fiscal year.
Separately, analysts at Societe Generale downgraded shares of Anheuser Busch from a “hold” rating to a “sell” rating in a research note to investors on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.25.
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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