Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives $66.00 Consensus Price Target from Brokerages

Anheuser-Busch InBev SA/NV (NYSE:BUD) has earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $66.00.

Several research analysts have commented on BUD shares. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. TD Cowen cut their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Argus upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, March 27th.

Anheuser-Busch InBev SA/NV Trading Down 0.9 %

Shares of NYSE:BUD opened at $61.49 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a market capitalization of $110.51 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The company has a 50 day moving average price of $56.17 and a 200 day moving average price of $56.77.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

A number of hedge funds have recently modified their holdings of BUD. Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at about $27,000. R Squared Ltd bought a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in Anheuser-Busch InBev SA/NV by 2,722.7% during the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after acquiring an additional 599 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $36,000. Finally, Anchor Investment Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after purchasing an additional 422 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.