Anheuser-Busch InBev SA/NV (NYSE: BUD – Get a rating) saw its price target lowered by Sanford C. Bernstein equity researchers to $67.60 in a report on Friday, Stock Target Advisor reports. Sanford C. Bernstein’s price target indicates a potential upside of 19.31% from the current stock price.
A number of other equity research analysts have also recently published reports on the company. Credit Suisse Group cut its price target on Anheuser-Busch InBev SA/NV from €59.00 ($62.77) to €58.00 ($61.70) in a Friday, May 6 report. StockNews.com picked up coverage from Anheuser-Busch InBev SA/NV in a Thursday, March 31 report. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised its price target on Anheuser-Busch InBev SA/NV from €67.00 ($71.28) to €74.00 ($78.72) and assigned the stock a rating of ” purchase” in a report released Wednesday. Morgan Stanley cut its price target on Anheuser-Busch InBev SA/NV from €55.00 ($58.51) to €54.00 ($57.45) and set an “equal weight” rating for the company in a report on Thursday, May 12. Finally, Royal Bank of Canada raised its price target on Anheuser-Busch InBev SA/NV from €60.00 ($63.83) to €65.00 ($69.15) and assigned the stock an “outperform” rating in a Monday, April 4, report. One research analyst rated the stock with a sell rating, seven gave the stock a hold rating and four gave the stock a buy rating. Based on MarketBeat.com data, Anheuser-Busch InBev SA/NV currently has an average rating of “Hold” and an average target price of $67.33.
Anheuser-Busch InBev SA/NV stock traded down $0.18 midday Friday, hitting $56.66. 25,985 shares of the company were traded, against an average volume of 1,568,027. Anheuser-Busch InBev SA/NV has a 52-week low of $52.65 and a 52-week high of $79.67 . The company has a debt ratio of 1.10, a quick ratio of 0.54 and a current ratio of 0.70. The company has a market capitalization of $112.19 billion, a price/earnings ratio of 27.24, a P/E/G ratio of 1.72 and a beta of 1.38. The stock’s 50-day simple moving average is $58.09 and its 200-day simple moving average is $59.82.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last released its quarterly results on Thursday, May 5. The consumer goods maker reported EPS of $0.67 for the quarter, beating analyst consensus estimates of $0.60 by $0.07. Anheuser-Busch InBev SA/NV achieved a return on equity of 11.42% and a net margin of 7.55%. The company posted revenue of $13.24 billion in the quarter, compared to $13.20 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $0.51. Anheuser-Busch InBev SA/NV quarterly revenue increased 7.7% year on year. Research analysts expect Anheuser-Busch InBev SA/NV to post earnings per share of 3.07 for the current year.
Several institutional investors and hedge funds have been buying and selling stocks recently. EverSource Wealth Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV shares by 253.0% in Q1. EverSource Wealth Advisors LLC now owns 2,436 shares of the consumer goods maker worth $147,000 after acquiring 1,746 additional shares in the last quarter. Advisory Services Network LLC increased its position in Anheuser-Busch InBev SA/NV shares by 2.4% during the first quarter. Advisory Services Network LLC now owns 13,542 shares of the consumer goods maker valued at $813,000 after acquiring 317 additional shares during the period. Neuberger Berman Group LLC purchased a new stock position in Anheuser-Busch InBev SA/NV during Q1, valued at approximately $202,000. Toroso Investments LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 10.0% during the 1st quarter. Toroso Investments LLC now owns 3,741 shares of the consumer goods maker valued at $225,000 after acquiring 341 additional shares during the period. Finally, Capital International Investors increased its stake in Anheuser-Busch InBev SA/NV by 3.6% in the 1st quarter. Capital International Investors now owns 7,344,543 shares of the consumer goods maker worth $444,214,000 after purchasing an additional 252,914 shares during the period.
About Anheuser-Busch InBev SA/NV (Get a rating)
Anheuser-Busch InBev SA/NV is engaged in the production, distribution and sale of beer, alcoholic beverages and non-alcoholic beverages worldwide. It offers a portfolio of around 500 beer brands, which mainly include Budweiser, Corona and Stella Artois; Beck’s, Hoegaarden, Leffe and Michelob Ultra; and the brands Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin and Skol.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Anheuser-Busch InBev SA/NV right now?
Before you consider Anheuser-Busch InBev SA/NV, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes wild…and Anheuser-Busch InBev SA/NV was not on the list.
Although Anheuser-Busch InBev SA/NV currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here