Trading Report: Today, Liberum Capital Initiates Coverage on Anheuser Busch Inbev SA (BUD)

Today, Liberum Capital Initiates Coverage on Anheuser Busch Inbev SA (BUD)

Liberum Capital started coverage on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a report released on Monday. The brokerage issued a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Citigroup Inc. reiterated a buy rating on shares of Anheuser Busch Inbev SA in a research note on Monday, September 26th. Credit Agricole SA restated an outperform rating and issued a $145.00 target price on shares of Anheuser Busch Inbev SA in a research note on Sunday, August 21st. Vetr downgraded shares of Anheuser Busch Inbev SA from a buy rating to a sell rating and set a $120.10 target price for the company. in a research note on Wednesday, July 6th. Royal Bank Of Canada downgraded shares of Anheuser Busch Inbev SA from a sector perform rating to an underperform rating and upped their target price for the company from $102.00 to $106.00 in a research note on Wednesday, July 6th. Finally, Natixis upgraded shares of Anheuser Busch Inbev SA from a reduce rating to a neutral rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $133.42.

Anheuser Busch Inbev SA (NYSE:BUD) opened at 127.26 on Monday. Anheuser Busch Inbev SA has a 12 month low of $110.59 and a 12 month high of $136.08. The firm’s 50-day moving average is $127.05 and its 200 day moving average is $126.02. The stock has a market capitalization of $204.60 billion and a P/E ratio of 53.83.

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

Hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its stake in shares of 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. 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 during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Anheuser Busch Inbev SA by 28.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 197,865 shares of the company’s stock worth $24,666,000 after buying an additional 44,122 shares during the period. Associated Banc Corp boosted its stake in shares of Anheuser Busch Inbev SA by 1.5% in the first quarter. Associated Banc Corp now owns 99,734 shares of the company’s stock worth $12,433,000 after buying an additional 1,516 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its stake in shares of Anheuser Busch Inbev SA by 58.1% in the first quarter. Ropes Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $127,000 after buying an additional 373 shares during the period.

Anheuser Busch Inbev SA Company Profile

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