The Anheuser Busch Inbev SA (BUD) Given “Neutral” Rating at JPMorgan Chase & Co.

The Anheuser Busch Inbev SA (BUD) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research note issued to investors on Tuesday morning.

BUD has been the subject of several other research reports. HSBC reissued a buy rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, June 30th. Royal Bank Of Canada downgraded shares of Anheuser Busch Inbev SA from a sector perform rating to an underperform rating and raised their price target for the company from $102.00 to $106.00 in a research report on Wednesday, July 6th. Vetr raised 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. Goldman Sachs Group Inc. began coverage on shares of Anheuser Busch Inbev SA in a research report on Monday. They set a buy rating for the company. Finally, Susquehanna reissued 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $133.42.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded down 1.0376% during midday trading on Tuesday, reaching $126.8401. 433,645 shares of the company’s stock were exchanged. Anheuser Busch Inbev SA has a one year low of $110.59 and a one year high of $136.08. The stock has a market cap of $203.93 billion and a price-to-earnings ratio of 53.6549. The firm has a 50 day moving average of $127.17 and a 200-day moving average of $126.18.

Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings results on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.93 billion. Anheuser Busch Inbev SA’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. On average, equities research analysts anticipate that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted 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. Renaissance Technologies LLC boosted its position in 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 during the period. Mariner Wealth Advisors LLC purchased a new position in Anheuser Busch Inbev SA during the first quarter worth $416,000. OLD Mission Capital LLC purchased a new position in Anheuser Busch Inbev SA during the first quarter worth $6,462,000. Finally, UBS Asset Management Americas Inc. boosted its position in Anheuser Busch Inbev SA by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 20,821 shares of the company’s stock worth $2,596,000 after buying an additional 7,756 shares during the period.

Anheuser Busch Inbev SA Company Profile

Related posts

Leave a Comment