Nomura Securities Maintains a 'Neutral' on Anheuser-Busch InBev (BUD); Q2 Preview
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Price: $79.50 +1.12%
Rating Summary:
22 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 12 | New: 90
Rating Summary:
22 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 12 | New: 90
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Nomura Securities maintains a 'Neutral' on Anheuser-Busch InBev (NYSE: BUD) price target of EUR60.
Analyst, Ian Shackleton, said, "The company will report Q2 results on 31 July. We estimate Q2 earnings growth of 14%, with lower finance costs in the quarter the key driver, boosted by gains from derivatives related to the hedging of company share-based payment programs. We estimate N. America Q2 volumes -0.3%, softer than Q1 +1.2%. This reflects timing of shipment patterns in 2012 and the lapping of a tough STW vs STR comparative – Q2 2011 STWs (-1.7%) vs. STRs (-3.4%). We believe that the underlying dynamic in US beer is largely unchanged vs Q1. The company trades at a calendar 2013E P/E of 15.9x, in line with the beer average."
For an analyst ratings summary and ratings history on Anheuser-Busch InBev click here. For more ratings news on Anheuser-Busch InBev click here.
Shares of Anheuser-Busch InBev closed at $78.24 yesterday.
Analyst, Ian Shackleton, said, "The company will report Q2 results on 31 July. We estimate Q2 earnings growth of 14%, with lower finance costs in the quarter the key driver, boosted by gains from derivatives related to the hedging of company share-based payment programs. We estimate N. America Q2 volumes -0.3%, softer than Q1 +1.2%. This reflects timing of shipment patterns in 2012 and the lapping of a tough STW vs STR comparative – Q2 2011 STWs (-1.7%) vs. STRs (-3.4%). We believe that the underlying dynamic in US beer is largely unchanged vs Q1. The company trades at a calendar 2013E P/E of 15.9x, in line with the beer average."
For an analyst ratings summary and ratings history on Anheuser-Busch InBev click here. For more ratings news on Anheuser-Busch InBev click here.
Shares of Anheuser-Busch InBev closed at $78.24 yesterday.
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