Royal Bank Of Canada Reaffirms Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Royal Bank Of Canada has reaffirmed a "buy" rating for Anheuser-Busch InBev SA/NV, alongside a recent upgrade by BNP Paribas from "hold" to "strong-buy."
• The stock currently has a consensus rating of "Buy" with a target price of $71.00, with multiple analysts rating it strongly positive.
• Anheuser-Busch InBev's stock has seen a recent uptick of 1.6%, reaching $58.86, with a market capitalization of approximately $105.77 billion.

Royal Bank Of Canada reaffirmed their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in a research note published on Wednesday,MarketScreener reports.

Separately, BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock traded up $0.76 during trading on Wednesday, reaching $59.34. 2,619,417 shares of the company were exchanged, compared to its average volume of 2,131,178. The company has a 50-day moving average of $62.56 and a two-hundred day moving average of $64.97. The company has a market capitalization of $115.87 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.67 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Several large investors have recently modified their holdings of BUD. Legacy Investment Solutions LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $28,000. NBC Securities Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $35,000. NewSquare Capital LLC boosted its stake in Anheuser-Busch InBev SA/NV by 602.7% during the second quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker's stock worth $36,000 after acquiring an additional 452 shares in the last quarter. Finally, Garde Capital Inc. bought a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $37,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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.