Deutsche Bank Aktiengesellschaft Raises Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target to €65.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price lifted by analysts at Deutsche Bank Aktiengesellschaft from €64.00 ($72.73) to €65.00 ($73.86) in a research note issued on Friday, The Fly reports.

Several other equities research analysts also recently commented on the stock. UBS Group restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, October 7th. Morgan Stanley restated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 8th. Bank of America upgraded shares of Anheuser-Busch InBev SA/NV from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 3rd. Barclays restated an “overweight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 29th. Finally, Zacks Investment Research upgraded shares of Anheuser-Busch InBev SA/NV from a “sell” rating to a “hold” rating and set a $58.00 price target for the company in a research report on Thursday, December 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.45.

BUD stock traded up $1.47 on Friday, hitting $67.81. 118,345 shares of the company’s stock traded hands, compared to its average volume of 1,375,716. Anheuser-Busch InBev SA/NV has a 1-year low of $54.08 and a 1-year high of $79.67. The stock has a market cap of $134.26 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.93 and a beta of 1.57. The stock has a fifty day moving average of $59.85 and a 200-day moving average of $60.99. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Wednesday, October 27th. The consumer goods maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.57 by $0.28. The business had revenue of $14.27 billion during the quarter, compared to analyst estimates of $13.64 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.41% and a return on equity of 15.40%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 earnings per share. On average, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 2.81 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Stockman Wealth Management Inc. grew its stake in Anheuser-Busch InBev SA/NV by 4.4% in the 2nd quarter. Stockman Wealth Management Inc. now owns 93,133 shares of the consumer goods maker’s stock valued at $6,707,000 after buying an additional 3,917 shares during the last quarter. Solitude Financial Services boosted its holdings in Anheuser-Busch InBev SA/NV by 12.4% in the 3rd quarter. Solitude Financial Services now owns 25,332 shares of the consumer goods maker’s stock valued at $1,428,000 after purchasing an additional 2,798 shares during the period. JustInvest LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 22.0% in the 2nd quarter. JustInvest LLC now owns 4,150 shares of the consumer goods maker’s stock valued at $299,000 after purchasing an additional 747 shares during the period. Cedar Brook Financial Partners LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $234,000. Finally, Trexquant Investment LP boosted its holdings in Anheuser-Busch InBev SA/NV by 23.8% in the 2nd quarter. Trexquant Investment LP now owns 15,396 shares of the consumer goods maker’s stock valued at $1,109,000 after purchasing an additional 2,956 shares during the period.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.

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