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Anheuser Busch (NYSE:BUD) shares reached a new 52-week high on Tuesday , reports. The company traded as high as $114.10 and last traded at $114.02, with a volume of 2,193,200 shares changing hands. The stock had previously closed at $110.91.

Separately, analysts at Bank of America upgraded shares of Anheuser Busch from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Anheuser Busch has an average rating of “Buy” and a consensus price target of $1.31.

The stock’s 50-day moving average is $109. and its 200-day moving average is $104.3. The company has a market cap of $183.2 billion and a P/E ratio of 13.41.

Anheuser Busch (NYSE:BUD) last announced its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts expect that Anheuser Busch will post $5.25 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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