Anheuser Busch Hits New 1-Year High at $116.32 (BUD)
Anheuser Busch (NYSE:BUD)’s share price reached a new 52-week high on Friday , Stock Ratings Network reports. The stock traded as high as $116.32 and last traded at $116.07, with a volume of 2,790,305 shares trading hands. The stock had previously closed at $114.75.
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 analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Anheuser Busch currently has a consensus rating of “Buy” and a consensus price target of $1.31.
The stock’s 50-day moving average is $110.2 and its 200-day moving average is $104.8. The company has a market cap of $186.6 billion and a P/E ratio of 13.87.
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. On average, analysts predict that Anheuser Busch will post $5.21 earnings per share 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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