Brokerages Set Anheuser Busch Inbev NV (NYSE:BUD) Price Target at $83.77
Anheuser Busch Inbev NV (NYSE:BUD) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $83.77.
Several equities analysts recently commented on BUD shares. Argus lowered shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Barclays set a €16.80 ($19.53) price objective on shares of Deutsche Telekom and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $105.00 price objective (up from $95.00) on shares of Childrens Place in a research report on Friday, April 5th.
Shares of NYSE:BUD traded up $1.00 during trading on Wednesday, reaching $100.49. The stock had a trading volume of 2,464,379 shares, compared to its average volume of 2,192,677. Anheuser Busch Inbev has a one year low of $64.54 and a one year high of $102.70. The firm has a market cap of $168.46 billion, a P/E ratio of 29.21, a P/E/G ratio of 2.53 and a beta of 1.16. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.53 and a quick ratio of 0.41. The stock has a 50-day moving average of $89.68.
A number of institutional investors and hedge funds have recently bought and sold shares of BUD. Investors Research Corp purchased a new position in shares of Anheuser Busch Inbev during the 1st quarter valued at approximately $26,000. Lenox Wealth Management Inc. increased its holdings in shares of Anheuser Busch Inbev by 423.7% during the 1st quarter. Lenox Wealth Management Inc. now owns 309 shares of the consumer goods maker’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in shares of Anheuser Busch Inbev by 135.7% during the 1st quarter. Enterprise Financial Services Corp now owns 337 shares of the consumer goods maker’s stock valued at $28,000 after purchasing an additional 194 shares in the last quarter. Strategy Asset Managers LLC purchased a new position in shares of Anheuser Busch Inbev during the 1st quarter valued at approximately $28,000. Finally, Alera Investment Advisors LLC increased its holdings in shares of Anheuser Busch Inbev by 114.9% during the 1st quarter. Alera Investment Advisors LLC now owns 346 shares of the consumer goods maker’s stock valued at $29,000 after purchasing an additional 185 shares in the last quarter. 4.51% of the stock is owned by institutional investors.
Anheuser Busch Inbev Company Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
Featured Story: What is the significance of a dead cat bounce?
Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.