Anheuser-Busch Inbev SA (BUD) Given Consensus Rating of “Hold” by Brokerages
Anheuser-Busch Inbev SA (NYSE:BUD) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $124.62.
A number of research firms recently issued reports on BUD. Jefferies Group LLC reaffirmed a “buy” rating and set a $132.00 target price on shares of Anheuser-Busch Inbev SA in a report on Wednesday, June 28th. Argus began coverage on Anheuser-Busch Inbev SA in a report on Friday, September 8th. They set a “buy” rating and a $136.00 target price on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Monday, July 10th. BidaskClub lowered Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $125.00 target price (up from $111.00) on shares of Anheuser-Busch Inbev SA in a report on Tuesday, August 1st.
COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/11/anheuser-busch-inbev-sa-bud-given-consensus-rating-of-hold-by-brokerages.html.
Anheuser-Busch Inbev SA (NYSE BUD) remained flat at $124.10 during midday trading on Wednesday. The stock had a trading volume of 407,683 shares. Anheuser-Busch Inbev SA has a one year low of $98.28 and a one year high of $129.09. The stock has a market capitalization of $210.13 billion, a PE ratio of 61.86 and a beta of 1.07. The firm’s 50-day moving average price is $119.28 and its 200 day moving average price is $115.92.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hikari Tsushin Inc. purchased a new position in Anheuser-Busch Inbev SA in the 2nd quarter worth about $839,000. Griffin Asset Management Inc. purchased a new position in Anheuser-Busch Inbev SA in the 2nd quarter worth about $360,000. Cetera Investment Advisers purchased a new position in Anheuser-Busch Inbev SA in the 2nd quarter worth about $207,000. Advisory Services Network LLC increased its stake in Anheuser-Busch Inbev SA by 0.3% in the 2nd quarter. Advisory Services Network LLC now owns 4,632 shares of the consumer goods maker’s stock worth $511,000 after purchasing an additional 16 shares in the last quarter. Finally, Banco BTG Pactual S.A. increased its stake in Anheuser-Busch Inbev SA by 30.3% in the 2nd quarter. Banco BTG Pactual S.A. now owns 695,420 shares of the consumer goods maker’s stock worth $76,747,000 after purchasing an additional 161,544 shares in the last quarter. 5.49% of the stock is currently owned by hedge funds and other institutional investors.
Anheuser-Busch Inbev SA Company Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
Receive News & Ratings for Anheuser-Busch Inbev SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch Inbev SA and related companies with MarketBeat.com's FREE daily email newsletter.