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Equities research analysts at Brasil Plural assumed coverage on shares of Anheuser Busch (NYSE:BUD) in a research note issued to investors on Monday. The firm set an “overweight” rating and a $121.00 price target on the stock. Brasil Plural’s price objective indicates a potential upside of 9.86% from the stock’s previous close.

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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Anheuser Busch presently has an average rating of “Buy” and an average price target of $79.84.

Shares of Anheuser Busch (NYSE:BUD) opened at 110.14 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 $110.7 and its 200-day moving average is $107.. The company has a market cap of $177.0 billion and a price-to-earnings ratio of 20.19.

Anheuser Busch (NYSE:BUD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.93 earnings per share. Anheuser Busch’s revenue was up 15.2% compared to the same quarter last year. Analysts expect that Anheuser Busch will post $5.39 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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