Jefferies Group Analysts Give Anheuser Busch Inbev (BUD) a $134.00 Price Target

Anheuser Busch Inbev (NYSE:BUD) has been assigned a $134.00 price objective by equities researchers at Jefferies Group in a report released on Thursday. The firm currently has a “buy” rating on the consumer goods maker’s stock. Jefferies Group’s price objective would suggest a potential upside of 17.34% from the stock’s current price.

A number of other analysts have also recently weighed in on BUD. Susquehanna Bancshares set a $128.00 price target on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Zacks Investment Research cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser Busch Inbev in a research report on Wednesday, September 13th. Societe Generale cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Anheuser Busch Inbev in a report on Tuesday, December 5th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $126.53.

Shares of Anheuser Busch Inbev (NYSE BUD) opened at $114.20 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev has a 12-month low of $103.55 and a 12-month high of $126.50. The firm has a market cap of $193,000.00, a price-to-earnings ratio of 43.42, a P/E/G ratio of 1.46 and a beta of 1.04.

Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. The business had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $15 billion. During the same period last year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. analysts anticipate that Anheuser Busch Inbev will post 4.22 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC lifted its holdings in Anheuser Busch Inbev by 332.7% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,380 shares of the consumer goods maker’s stock worth $284,000 after buying an additional 1,830 shares in the last quarter. Adviser Investments LLC acquired a new stake in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $298,000. Turim 21 Investimentos Ltda. acquired a new stake in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $58,623,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $1,278,000. Finally, CI Investments Inc. acquired a new stake in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $17,599,000. Hedge funds and other institutional investors own 5.67% of the company’s stock.

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About Anheuser Busch Inbev

Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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