Todays Report: The Royal Bank Of Canada Reiterates Underperform Rating for Anheuser Busch Inbev SA (BUD)

The Royal Bank Of Canada Reiterates Underperform Rating for Anheuser Busch Inbev SA (BUD)

Anheuser Busch Inbev SA (NYSE:BUD)‘s stock had its “underperform” rating reiterated by stock analysts at Royal Bank Of Canada in a note issued to investors on Monday.

Several other brokerages have also issued reports on BUD. Vetr lowered Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price target on the stock. in a research note on Wednesday, September 28th. Credit Agricole SA reissued an “outperform” rating and issued a $142.00 price target on shares of Anheuser Busch Inbev SA in a research note on Friday, July 1st. Liberum Capital assumed coverage on Anheuser Busch Inbev SA in a research note on Monday, October 3rd. They issued a “buy” rating on the stock. Citigroup Inc. reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research note on Monday, September 26th. Finally, Susquehanna lowered Anheuser Busch Inbev SA from a “positive” rating to a “neutral” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $133.42.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) opened at 127.25 on Monday. The stock has a 50 day moving average price of $127.06 and a 200 day moving average price of $126.06. Anheuser Busch Inbev SA has a 12-month low of $110.59 and a 12-month high of $136.08. The firm has a market cap of $204.59 billion and a P/E ratio of 53.83.

Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The business earned $10.81 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same period last year, the firm posted $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 expect that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in shares of Anheuser Busch Inbev SA by 104.1% in the third quarter. Advisory Services Network LLC now owns 10,398 shares of the company’s stock worth $1,366,000 after buying an additional 5,303 shares during the period. Bremer Trust National Association increased its position in shares of Anheuser Busch Inbev SA by 0.8% in the third quarter. Bremer Trust National Association now owns 2,907 shares of the company’s stock worth $382,000 after buying an additional 22 shares during the period. Stuart Chaussee & Associates Inc. increased its position in shares of Anheuser Busch Inbev SA by 71.4% in the third quarter. Stuart Chaussee & Associates Inc. now owns 1,585 shares of the company’s stock worth $208,000 after buying an additional 660 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of Anheuser Busch Inbev SA by 163.2% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,540 shares of the company’s stock worth $859,000 after buying an additional 4,055 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Anheuser Busch Inbev SA by 38.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,599 shares of the company’s stock worth $342,000 after buying an additional 719 shares during the period.

Anheuser Busch Inbev SA Company Profile

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