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Stock Charts AI Power Rank: 7.8
Power Rank trend -> Falling
10/08/2024 10:51:00 EST
Anheuser Busch Inbev NV ADR (BUD)
Industry: Beverages - Brewers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, BUD has been trading in a range between $66.55 and $63.02 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
BUD is trading below resistance at $67.42, about 5% to the upside. There is support at $63.09 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Anheuser Busch Inbev NV ADR $BUD entered a Green zone 59 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $66.63, a potential upside of 2.48% from the recent price of 65.02. The stock is trading 3.8% (potential upside) below its 52 week high of $67.49 and 26.01 % (potential downside) above its 52 week low of $51.60 - based on the recent price.
Company Summary
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. The company operates in North America, Middle America, South America, Europe, the Middle East, Africa, and the Asia Pacific.
News
| Why Anheuser-Busch Inbev (BUD) is a Top Value Stock for the Long-Term Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. Source: Zacks Investment Research Tue, 08 Oct 2024 10:40:28 -0400 Sentiment: Positive |
| Anheuser-Busch InBev's Q2 Suggests The Firm Is Brewing A Formula For Long-Term Success AB InBev continues to be a strong company with great underlying economics and earnings power. Q2 results were fundamentally solid, with a 500bp margin boost and a $1.4 billion FCF increase thanks to improved revenue per HL. The brewer's premiumization strategy has driven said revenue per HL gains and operating margin improvements despite declining volumes. Source: Seeking Alpha Thu, 03 Oct 2024 12:11:34 -0400 Sentiment: Positive |
| Bud Light sales will be ‘permanently' lower. Citi says buy Anheuser-Busch InBev anyway Bud Light sales are never going to recover. And yet now is the time to buy shares of its brewer, Anheuser-Busch InBev, say analysts at Citi. Source: Market Watch Tue, 01 Oct 2024 07:20:00 -0400 Sentiment: Neutral |
| Analysts revise Bud Light stock price target amid ‘beyond beer' expansion bid Following last year's controversy, which led to a wide-scale boycott of its products and subsequent declines in the price of its stocks, Bud Light beer manufacturer Anheuser-Busch InBev (NYSE: BUD) seems to be turning a new page, and analysts have updated their price targets for BUD shares. Source: Finbold Tue, 01 Oct 2024 04:58:37 -0400 Sentiment: Neutral |
| What's Happening With BUD Stock? Anheuser-Busch InBev stock (NYSE: BUD) has barely seen a 10% rise in value since early January 2023 – rising from levels of $58 then to $63 now – vs. an increase of 50% for the S&P 500 over this period. Source: Forbes Fri, 27 Sep 2024 08:00:57 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 67.49 52 Week Low: 51.5975 Beta: 0.982 50 Day MA: 62.6458 200 Day MA: 62.0196 Earnings / Revenue Trends Qtr Earnings Growth YOY: 3.419 Qtr Revenue Growth YOY: 0.014 Forward PE: 16.9205 Trailing PE: 22.3436