Beam (NASDAQ:BEAM) had its price target increased by JPMorgan Cazenove from $65.00 to $68.00 in a research report sent to investors on Friday morning, StockRatingsNetwork reports. The firm currently has a neutral rating on the stock.
Shares of Beam (NASDAQ:BEAM) traded down 0.50% during mid-day trading on Friday, hitting $63.70. Beam has a 52 week low of $52.69 and a 52 week high of $69.78. The stock’s 50-day moving average is currently $64.40. The company has a market cap of $10.300 billion and a P/E ratio of 26.48.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.23 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, August 12th.
A number of other analysts have also recently weighed in on BEAM. Analysts at Credit Agricole upgraded shares of Beam from an underperform rating to an outperform rating in a research note to investors on Friday. Analysts at Stifel Nicolaus upgraded shares of Beam from a hold rating to a buy rating in a research note to investors on Thursday, May 16th. They now have a $80.00 price target on the stock.
One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Beam currently has a consensus rating of Buy and a consensus price target of $70.50.
Beam Inc (NASDAQ:BEAM) is a premium spirits company that makes and sells branded distilled spirits products in markets worldwide.
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