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Anheuser Busch (NYSE:BUD) has earned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, AmericanBankingNews.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $59.26.

Anheuser Busch (NYSE:BUD) opened at 106.79 on Monday. Anheuser Busch has a 52 week low of $92.76 and a 52 week high of $116.65. The stock’s 50-day moving average is $112.4 and its 200-day moving average is $107.1. The company has a market cap of $171.6 billion and a P/E ratio of 19.78. Anheuser Busch also was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 896,018 shares, a drop of 34.1% from the June 30th total of 1,360,647 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 790,270 shares, the days-to-cover ratio is presently 1.1 days.

Anheuser Busch (NYSE:BUD) last announced its earnings results on Thursday, July 31st. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.26. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.20 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Anheuser Busch will post $5.37 earnings per share for the current fiscal year.

Separately, analysts at Zacks upgraded shares of Anheuser Busch from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $117.20 price target 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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