Anheuser Busch Inbev (NYSE:BUD) PT Set at $106.00 by Guggenheim

Anheuser Busch Inbev (NYSE:BUD) received a $106.00 target price from stock analysts at Guggenheim in a research note issued on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the consumer goods maker’s stock. Guggenheim’s target price indicates a potential upside of 30.90% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group raised shares of Anheuser Busch Inbev to a “hold” rating and set a $95.00 target price on the stock in a research report on Monday, August 12th. ValuEngine downgraded shares of Anheuser Busch Inbev from a “sell” rating to a “strong sell” rating in a research report on Friday. Macquarie reissued a “neutral” rating on shares of Anheuser Busch Inbev in a research report on Monday. Zacks Investment Research downgraded shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 target price on the stock. in a research report on Monday, September 2nd. Finally, Barclays downgraded Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $90.52.

Anheuser Busch Inbev stock traded down $0.85 during mid-day trading on Friday, hitting $80.98. 1,756,592 shares of the company’s stock were exchanged, compared to its average volume of 1,005,278. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30. The stock has a market cap of $149.59 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.24 and a beta of 1.18. Anheuser Busch Inbev has a 1-year low of $64.54 and a 1-year high of $102.70. The stock has a 50 day moving average of $93.59 and a two-hundred day moving average of $90.81.

Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.14). The business had revenue of $13.17 billion for the quarter, compared to analyst estimates of $13.78 billion. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. As a group, research analysts predict that Anheuser Busch Inbev will post 4.85 EPS for the current fiscal year.

Several large investors have recently modified their holdings of BUD. Renaissance Technologies LLC grew its position in shares of Anheuser Busch Inbev by 103.2% in the second quarter. Renaissance Technologies LLC now owns 1,083,800 shares of the consumer goods maker’s stock valued at $95,927,000 after purchasing an additional 550,500 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Anheuser Busch Inbev by 2.5% in the second quarter. Fisher Asset Management LLC now owns 6,862,410 shares of the consumer goods maker’s stock valued at $607,392,000 after purchasing an additional 165,266 shares during the last quarter. Balyasny Asset Management LLC grew its position in shares of Anheuser Busch Inbev by 16.9% in the second quarter. Balyasny Asset Management LLC now owns 1,123,209 shares of the consumer goods maker’s stock valued at $99,415,000 after purchasing an additional 162,297 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Anheuser Busch Inbev by 11.9% in the second quarter. Parametric Portfolio Associates LLC now owns 569,578 shares of the consumer goods maker’s stock valued at $50,413,000 after purchasing an additional 60,675 shares during the last quarter. Finally, Boston Partners grew its position in shares of Anheuser Busch Inbev by 303.0% in the second quarter. Boston Partners now owns 68,866 shares of the consumer goods maker’s stock valued at $6,095,000 after purchasing an additional 51,776 shares during the last quarter. 4.53% of the stock is currently owned by institutional investors.

About Anheuser Busch Inbev

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.

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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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