Anheuser Busch Inbev SA (ADR) (BUD) is Downgraded by RBC Capital Mkts to Underperform, Raises Price Target to $ 106

Anheuser Busch Inbev SA (ADR) (BUD) was Downgraded by RBC Capital Mkts to ” Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 106 from a previous price target of $102 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jul 6, 2016.

On the company’s financial health, Anheuser Busch Inbev SA (ADR) reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.38 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.89. The company had revenue of $9400.00 million for the quarter, compared to analysts expectations of $9871.80 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.40 EPS.

Anheuser Busch Inbev SA (ADR) closed down -0.28 points or -0.21% at $131.4 with 18,34,451 shares getting traded on Friday. Post opening the session at $132.84, the shares hit an intraday low of $131.175 and an intraday high of $132.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Anheuser Busch Inbev SA formerly Anheuser-Busch InBev SA/NV is a brewing company. The Company produces markets distributes and sells a portfolio of approximately 200 beer and other malt beverage brands. The Company operates in seven business segments: North America Mexico Latin America North Latin America South Europe Asia Pacific and Global Export & Holding Companies. The Company also produces and distributes soft drinks particularly in Latin America and other near beer products such as Lime-A-Rita and other Rita family products in the United States and other countries. The Company’s brand portfolio consists of three categories: global brands Budweiser Corona (except in the United States) and Stella Artois; multi-country brands Beck’s Leffe and Hoegaarden and local brands Bud Light Michelob Victoria Modelo Especial Negra Modelo Skol Brahma Antarctica Quilmes Jupiler Klinskoye Sibirskaya Korona Chernigivske Cass Harbin and Sedrin.

Anheuser Busch Inbev SA (ADR)

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