J P Morgan Chase & Co Reaffirms “Underweight” Rating for Anheuser Busch Inbev (BUD)
Anheuser Busch Inbev (NYSE:BUD)‘s stock had its “underweight” rating reiterated by J P Morgan Chase & Co in a note issued to investors on Tuesday.
A number of other research firms have also weighed in on BUD. Susquehanna Bancshares set a $129.00 price objective on Anheuser Busch Inbev and gave the company a “hold” rating in a research note on Wednesday, October 25th. Berenberg Bank reissued a “buy” rating on shares of Anheuser Busch Inbev in a research note on Wednesday, September 13th. Argus assumed coverage on Anheuser Busch Inbev in a research note on Friday, September 8th. They set a “buy” rating and a $136.00 price objective for the company. Societe Generale lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Finally, BidaskClub lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $127.81.
Shares of Anheuser Busch Inbev (NYSE BUD) traded down $0.05 on Tuesday, reaching $115.41. The company’s stock had a trading volume of 1,063,900 shares, compared to its average volume of 1,552,341. The stock has a market capitalization of $195,501.72, a price-to-earnings ratio of 33.66, a P/E/G ratio of 1.80 and a beta of 1.04. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. Anheuser Busch Inbev has a 1-year low of $100.90 and a 1-year high of $126.50.
A number of hedge funds have recently made changes to their positions in BUD. Chicago Partners Investment Group LLC purchased a new stake in Anheuser Busch Inbev in the second quarter worth $101,000. Evercore Wealth Management LLC purchased a new stake in Anheuser Busch Inbev in the second quarter worth $104,000. Zions Bancorporation lifted its stake in Anheuser Busch Inbev by 800.0% in the third quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock worth $106,000 after acquiring an additional 784 shares during the period. BDO Wealth Advisors LLC purchased a new stake in Anheuser Busch Inbev in the second quarter worth $110,000. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in Anheuser Busch Inbev in the third quarter worth $112,000. 5.67% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/05/j-p-morgan-chase-co-lowers-anheuser-busch-inbev-bud-to-underweight.html.
About Anheuser Busch Inbev
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 NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev NV and related companies with MarketBeat.com's FREE daily email newsletter.