Anheuser Busch Given Consensus Recommendation of “Buy” by Analysts (NYSE:BUD)
Anheuser Busch (NYSE:BUD) has been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $1.31.
Anheuser Busch (NYSE:BUD) traded up 1.39% on Thursday, hitting $109.83. The stock had a trading volume of 345,453 shares. Anheuser Busch has a 1-year low of $83.94 and a 1-year high of $111.38. The stock’s 50-day moving average is $106.4 and its 200-day moving average is $103.2. The company has a market cap of $176.4 billion and a price-to-earnings ratio of 12.42.
Anheuser Busch (NYSE:BUD) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.08 by $0.21. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.44 billion. Anheuser Busch’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Anheuser Busch will post $5.32 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Monday, May 19th. Shareholders of record on Friday, May 2nd will be given a dividend of $1.9998 per share. This represents a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, April 30th.
BUD has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Anheuser Busch from a “neutral” rating to a “buy” rating in a research note on Thursday. Separately, analysts at ING Group upgraded shares of Anheuser Busch from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Finally, analysts at Tigress Financial initiated coverage on shares of Anheuser Busch in a research note on Friday, February 28th. They set a “neutral” rating on the stock.
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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