Trade Report: The Anheuser Busch Inbev SA (BUD) Receives “Outperform” Rating from Credit Suisse Group AG

The Anheuser Busch Inbev SA (BUD) Receives “Outperform” Rating from Credit Suisse Group AG

Credit Suisse Group AG reissued their outperform rating on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research report report published on Wednesday.

A number of other equities research analysts also recently weighed in on BUD. HSBC reiterated a buy rating on shares of Anheuser Busch Inbev SA in a report on Thursday, June 30th. Credit Agricole SA reiterated an outperform rating and issued a $142.00 price target on shares of Anheuser Busch Inbev SA in a report on Friday, July 1st. Royal Bank Of Canada downgraded Anheuser Busch Inbev SA from a sector perform rating to an underperform rating and boosted their price target for the company from $102.00 to $106.00 in a report on Wednesday, July 6th. Vetr downgraded Anheuser Busch Inbev SA from a buy rating to a sell rating and set a $120.10 price target for the company. in a report on Wednesday, July 6th. Finally, Susquehanna reiterated a buy rating on shares of Anheuser Busch Inbev SA in a report on Sunday, July 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $133.42.

Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.60% during midday trading on Wednesday, reaching $126.61. The company’s stock had a trading volume of 270,138 shares. Anheuser Busch Inbev SA has a 1-year low of $110.59 and a 1-year high of $136.08. The company’s 50-day moving average price is $127.19 and its 200-day moving average price is $126.19. The company has a market capitalization of $203.56 billion and a price-to-earnings ratio of 53.56.

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

Several hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of 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 valued at $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 valued at $34,562,000. Lazard Asset Management LLC raised 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 valued at $130,417,000 after buying an additional 14,042 shares during the period. Mariner Wealth Advisors LLC purchased a new stake in shares of Anheuser Busch Inbev SA during the first quarter valued at $416,000. Finally, Renaissance Technologies LLC raised 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 valued at $49,530,000 after buying an additional 314,209 shares during the period.

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