Anheuser Busch Inbev (NYSE:BUD) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Anheuser Busch Inbev (NYSE:BUD) from a hold rating to a sell rating in a report released on Friday, ValuEngine reports.

Several other brokerages also recently commented on BUD. Bank of America reaffirmed a neutral rating and set a $105.00 target price (up from $95.00) on shares of Childrens Place in a report on Friday, April 5th. Barclays set a €16.80 ($19.53) target price on Deutsche Telekom and gave the stock a neutral rating in a report on Tuesday, April 2nd. Zacks Investment Research downgraded Glu Mobile from a buy rating to a hold rating in a report on Tuesday, April 9th. Finally, Argus downgraded Lions Gate Entertainment from a buy rating to a hold rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $83.77.

Shares of BUD opened at $88.56 on Friday. The firm has a market cap of $147.21 billion, a P/E ratio of 25.74, a PEG ratio of 2.22 and a beta of 1.17. Anheuser Busch Inbev has a 12 month low of $64.54 and a 12 month high of $106.86. The stock’s 50-day moving average is $87.14. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.53 and a quick ratio of 0.41.

Anheuser Busch Inbev (NYSE:BUD) last announced its earnings results on Tuesday, May 7th. The consumer goods maker reported $1.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. The firm had revenue of $12.59 billion for the quarter, compared to the consensus estimate of $12.66 billion. Anheuser Busch Inbev had a return on equity of 21.34% and a net margin of 12.78%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. Equities research analysts forecast that Anheuser Busch Inbev will post 4.65 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Sontag Advisory LLC bought a new stake in Anheuser Busch Inbev in the 4th quarter valued at about $26,000. Investors Research Corp bought a new stake in Anheuser Busch Inbev in the 1st quarter valued at about $26,000. Lenox Wealth Management Inc. increased its position in Anheuser Busch Inbev by 423.7% in the 1st quarter. Lenox Wealth Management Inc. now owns 309 shares of the consumer goods maker’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Enterprise Financial Services Corp increased its position in Anheuser Busch Inbev by 135.7% in the 1st quarter. Enterprise Financial Services Corp now owns 337 shares of the consumer goods maker’s stock valued at $28,000 after buying an additional 194 shares in the last quarter. Finally, Strategy Asset Managers LLC bought a new stake in Anheuser Busch Inbev in the 1st quarter valued at about $28,000. 4.49% of the stock is currently owned by institutional investors.

About Anheuser Busch Inbev

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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