Anheuser Busch Inbev SA (ADR) (NYSE:BUD) target price raised to $137.94, reported today by Vetr Inc.
- Updated: September 28, 2016
Anheuser Busch Inbev SA (ADR) (NYSE:BUD) had its target price raised to $137.94 by Vetr Inc. in a report released 9/28/2016. The new target price indicates a possible upside of 0.03% based on the company's last stock close price.
Previously on 9/14/2016, Zacks Investment Research reported about Anheuser Busch Inbev SA (ADR) (NYSE:BUD) raised the target price from $0.00 to $141.00. At the time, this indicated a possible upside of 0.15%.
Yesterday Anheuser Busch Inbev SA (ADR) (NYSE:BUD) traded 1.18% higher at $133.44. The company’s 50-day moving average is $126.36 and its 200-day moving average is $125.59. The last stock close price is up 6.25% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,214,224 shares of the stock were exchanged, up from an average trading volume of 1,317,370
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Anheuser Busch Inbev SA (ADR) has a 52 week low of $105.34 and a 52 week high of $136.08 with a P/E ratio of 56.45 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $136.34 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 1 firm rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Anheuser Busch Inbev SA (ADR) (NYSE:BUD)
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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. The Company's soft drinks business consists of both own production and agreements with PepsiCo related to bottling and distribution arrangements between its various subsidiaries and PepsiCo. Ambev, which is a subsidiary of the Company, is a PepsiCo bottler. Brands that are distributed under these agreements are Pepsi, 7UP and Gatorade.
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