The Anheuser Busch Inbev SA (BUD) Earns “Underperform” Rating from Royal Bank Of Canada

The Anheuser Busch Inbev SA (BUD) Earns “Underperform” Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their underperform rating on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research note issued to investors on Monday morning.

Several other brokerages have also recently commented on BUD. HSBC reiterated a buy rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, June 30th. Vetr upgraded shares of Anheuser Busch Inbev SA from a sell rating to a hold rating and set a $120.10 price target for the company in a research report on Wednesday, July 27th. Susquehanna reiterated a hold rating and set a $135.00 price target on shares of Anheuser Busch Inbev SA in a research report on Wednesday, September 14th. Bank Degroof cut shares of Anheuser Busch Inbev SA to a hold rating in a research report on Thursday, July 28th. Finally, Kepler Capital Markets upgraded shares of Anheuser Busch Inbev SA from a hold rating to a buy rating in a research report on Monday, August 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $133.42.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) opened at 127.37 on Monday. Anheuser Busch Inbev SA has a 52-week low of $110.59 and a 52-week high of $136.08. The stock has a market cap of $204.78 billion and a P/E ratio of 53.88. The firm has a 50-day moving average of $127.19 and a 200-day moving average of $126.19.

Anheuser Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.06. The company earned $10.81 billion during the quarter, compared to analyst estimates of $10.93 billion. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. On average, equities analysts expect that Anheuser Busch Inbev SA will post $3.70 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Anheuser Busch Inbev SA by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 257,529 shares of the company’s stock worth $32,104,000 after buying an additional 24,522 shares during the period. Bank of Montreal Can purchased a new stake in shares of Anheuser Busch Inbev SA during the second quarter worth approximately $34,562,000. Lazard Asset Management LLC boosted its stake in shares of Anheuser Busch Inbev SA by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,046,191 shares of the company’s stock worth $130,417,000 after buying an additional 14,042 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new stake in shares of Anheuser Busch Inbev SA during the first quarter worth approximately $416,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock worth $49,530,000 after buying an additional 314,209 shares in the last quarter.

Anheuser Busch Inbev SA Company Profile

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