Anheuser-Busch InBev SA/NV (BUD) shares are trading at higher $55.53 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $66.97.
To add more color to this target, the company’s high over the last year is $93.70 and the low is $32.58. Over the last 52 weeks, BUD is down -40.31% while the S&P 500 is up 14.78%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BUD reported a profit of $5.77 billion. Anheuser-Busch InBev SA/NV also saw revenues increase to $10.29 billion. In addition, BUD has free cash flow of -$461.0 million as of 06-2020. The company’s EBITDA came in at $2.3 billion which compares well with its peers.
BUD booked profit margins of -1.50%. All told, it is clear that, BUD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BUD has a short ratio of 2.68 and outstanding shares of 2.00B.
BUD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.49 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.51. Anheuser-Busch InBev SA/NV BUD also noted assets of $225.45 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BUD has historically followed its peers on positive news.
All told, Anheuser-Busch InBev SA/NV BUD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BUD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Anheuser-Busch InBev SA/NV BUD is now commanding a market cap of 93.21B and a float of 506.01M. BUD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BUD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BUD, either long or short, and we have not been compensated for this article.