In a report issued on December 8, Arnaud Girod from Kepler Capital maintained a Buy rating on Anheuser-Busch Inbev Sa (BUD – Research Report), with a price target of EUR77.00. The company’s shares closed last Monday at $58.61.
According to TipRanks.com, Girod is a 3-star analyst with an average return of 1.5% and a 52.2% success rate. Girod covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Coca-Cola Europacific Partners, and Hermes International.
The word on The Street in general, suggests a Hold analyst consensus rating for Anheuser-Busch Inbev Sa with a $69.21 average price target.
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Based on Anheuser-Busch Inbev Sa’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.27 billion and net profit of $249 million. In comparison, last year the company earned revenue of $12.82 billion and had a net profit of $1.04 billion.
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Founded in 2008, Belgium-based Anheuser-Busch InBev SA/NV, commonly known as AB InBev, is America’s leading brewing company, which is engaged in the production and distribution of alcoholic and non-alcoholic beverages worldwide. It has over 400 iconic beer brands, some of which include Budweiser, Corona, Stella Artois, Castle, Hoegaarden, Aguila, Antarctica, Bud Light, Cristal, Harbin, Modelo Especial, Quilmes, Sibirskaya Korona, and Skol among others.
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