Anheuser Busch Stock Rating Lowered by Zacks (BUD)
Anheuser Busch (NYSE:BUD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $117.20 price objective on the stock. Zacks‘s target price would indicate a potential upside of 4.85% from the company’s current price.
Separately, analysts at Brasil Plural initiated coverage on shares of Anheuser Busch in a research note on Monday, August 25th. They set an “overweight” rating and a $121.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Anheuser Busch currently has a consensus rating of “Buy” and a consensus target price of $79.84.
Anheuser Busch (NYSE:BUD) traded up 0.45% on Monday, hitting $111.78. The stock had a trading volume of 937,030 shares. Anheuser Busch has a 52 week low of $93.57 and a 52 week high of $116.65. The stock has a 50-day moving average of $110.4 and a 200-day moving average of $108.4. The company has a market cap of $179.6 billion and a price-to-earnings ratio of 20.40.
Anheuser Busch (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. 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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