TD Cowen Cuts Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target to $55.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price lowered by TD Cowen from $65.00 to $55.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the consumer goods maker’s stock.

Other analysts have also recently issued reports about the company. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley raised their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and an average price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Down 5.8 %

Shares of NYSE:BUD opened at $46.19 on Wednesday. The stock has a market capitalization of $83.01 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The stock’s 50-day moving average price is $53.00 and its 200-day moving average price is $59.06. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12-month low of $46.10 and a 12-month high of $67.49.

Institutional Trading of Anheuser-Busch InBev SA/NV

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at $26,000. Legacy Investment Solutions LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $38,000. First Personal Financial Services raised its stake in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after acquiring an additional 205 shares during the period. Finally, Mather Group LLC. lifted its holdings in Anheuser-Busch InBev SA/NV by 96.6% during the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

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.