AMBEV S A/S (NYSE:ABEV) has been given a consensus rating of “Hold” by the nine analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.00.
A number of equities research analysts have weighed in on ABEV shares. Itau BBA Securities lowered shares of AMBEV S A/S from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 28th. Zacks Investment Research lowered shares of AMBEV S A/S from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. TheStreet lowered shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Finally, Bank of America upgraded AMBEV S A/S from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 21st.
ABEV traded down $0.04 during mid-day trading on Friday, reaching $4.71. 228,082 shares of the company traded hands, compared to its average volume of 20,864,984. The firm has a market cap of $74.67 billion, a PE ratio of 24.82, a P/E/G ratio of 3.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 0.87. The stock’s fifty day moving average is $4.44. AMBEV S A/S has a 52-week low of $3.77 and a 52-week high of $5.44.
AMBEV S A/S (NYSE:ABEV) last announced its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.37 billion. AMBEV S A/S had a net margin of 21.99% and a return on equity of 19.60%. On average, research analysts forecast that AMBEV S A/S will post 0.2 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its holdings in AMBEV S A/S by 141.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 8,800 shares of the company’s stock worth $34,000 after buying an additional 5,148 shares during the period. Enterprise Financial Services Corp bought a new position in AMBEV S A/S in the 1st quarter worth $43,000. Paloma Partners Management Co bought a new position in AMBEV S A/S in the 4th quarter worth $45,000. Alta Capital Management LLC bought a new position in AMBEV S A/S in the 1st quarter worth $46,000. Finally, South Texas Money Management Ltd. bought a new position in AMBEV S A/S in the 1st quarter worth $47,000. Hedge funds and other institutional investors own 7.32% of the company’s stock.
AMBEV S A/S Company Profile
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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