Brokerages Set Anheuser-Busch InBev SA/NV (NYSE:BUD) Target Price at $64.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) has received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $64.00.

BUD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. TD Cowen cut their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th.

Anheuser-Busch InBev SA/NV Stock Down 1.1 %

Shares of NYSE:BUD opened at $62.38 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The firm has a market capitalization of $112.10 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.73 and a beta of 0.96. The stock has a 50 day moving average price of $51.94 and a 200-day moving average price of $56.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $27,000. R Squared Ltd bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew its position in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock worth $31,000 after buying an additional 599 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth approximately $36,000. 5.53% of the stock is owned by institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.