Argus Upgrades Anheuser-Busch InBev SA/NV (NYSE:BUD) to “Buy”

Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat reports. The firm presently has a $70.00 price target on the consumer goods maker’s stock. Argus’ price target points to a potential upside of 12.88% from the company’s current price.

A number of other brokerages have also commented on BUD. TD Cowen decreased their target price on 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. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Buy” and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $62.01 on Thursday. The stock has a market capitalization of $111.45 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock’s 50 day moving average price is $55.90 and its two-hundred day moving average price is $56.90.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its 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. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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

Large investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter worth approximately $27,000. R Squared Ltd bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth $30,000. Rakuten Securities Inc. raised its position in Anheuser-Busch InBev SA/NV by 2,722.7% in the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after buying an additional 599 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at $36,000. Finally, Measured Risk Portfolios Inc. bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $40,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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.