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Hold Rating for Anheuser Busch Inbev SA

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Published on : Oct 06, 2015

A rating of “hold” has been assigned to Anheuser Busch Inbev SA through a consensus recommendation from 20 firms that are currently reviewing the stock. A “sell” rating was advised by five equities research analysts, eight analysts have suggested a “buy” rating, while seven others have given it a “hold” rating.

Last year’s average one year price objective within brokerages who submitted ratings on Anheuser stocks was US$128.90.

Multiple analysts have submitted their reports on BUD shares. One Wednesday, the original rating of “hold” was later upgraded to “buy” from ING Group for Anheuser Busch. On the other hand, a rating of “strong-buy” was demoted to “buy” by Vetr. They set a target price of US$134.75 for the company.

Bank of America confirmed their “buy” rating with a target price of US$132.00 for the consumer goods company last Wednesday, while Nomura downed their rating of “buy” to “neutral” in July.

CLSA upgraded their target price to US$121.00 for Anheuser Busch Inbev SA, from the older US$114.00, while giving the consumer goods giant an “underperform” rating in September.

A trade up of 0.64% was generated by Anheuser Busch Inbev SA on Wednesday’s mid-day trading. The company’s stocks reached US$110.74. An exchange of 1,074,564 was made in the company’s stocks.

The quarterly earnings were posted by Anheuser Busch Inbev SA in late July. At the time, the company had reported a US$1.21 EPS for the relevant quarter. The earnings per share had missed the estimate of US$1.35, made through a Thomson Reuters consensus. Due to the US$0.14 shortfall, the company’s business generated US$11.10 bn in that quarter. It is lower compared to the US$11.57 bn that was expected.

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