Ambev (NYSE:ABEV) Earns Outperform Rating from Analysts at Scotiabank


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Scotiabank initiated coverage on shares of Ambev (NYSE:ABEV) in a report issued on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Several other equities analysts have also recently commented on ABEV. Zacks Investment Research cut shares of Ambev from a “hold” rating to a “sell” rating in a report on Wednesday, March 3rd. Bradesco Corretora upgraded shares of Ambev from an “underperform” rating to a “neutral” rating in a report on Friday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold”.

Shares of NYSE ABEV traded up $0.07 during trading on Thursday, hitting $2.79. The company had a trading volume of 134,086 shares, compared to its average volume of 24,390,816. The company has a market cap of $43.90 billion, a P/E ratio of 23.25, a PEG ratio of 0.90 and a beta of 1.08. Ambev has a 52 week low of $1.90 and a 52 week high of $3.20. The business’s 50-day moving average is $2.71 and its 200 day moving average is $2.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.05 and a current ratio of 1.29.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, February 25th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Ambev had a net margin of 16.33% and a return on equity of 13.86%. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.42 billion. On average, research analysts expect that Ambev will post 0.1 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its position in Ambev by 13.0% during the 4th quarter. HighTower Advisors LLC now owns 31,104 shares of the company’s stock worth $94,000 after acquiring an additional 3,589 shares during the last quarter. Signaturefd LLC raised its position in shares of Ambev by 48.8% during the fourth quarter. Signaturefd LLC now owns 12,369 shares of the company’s stock valued at $38,000 after buying an additional 4,059 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Ambev by 11.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 41,649 shares of the company’s stock valued at $127,000 after buying an additional 4,333 shares during the last quarter. Veracity Capital LLC raised its position in shares of Ambev by 5.6% during the fourth quarter. Veracity Capital LLC now owns 81,915 shares of the company’s stock valued at $251,000 after buying an additional 4,380 shares during the last quarter. Finally, JustInvest LLC raised its position in shares of Ambev by 13.7% during the fourth quarter. JustInvest LLC now owns 42,176 shares of the company’s stock valued at $129,000 after buying an additional 5,086 shares during the last quarter. 8.32% of the stock is owned by hedge funds and other institutional investors.

About Ambev

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: Brazil; Central America and the Caribbean; 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, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, President Light, Bohemia, The One, Banks, Deputy, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Pilsen, Ouro Fino, Patricia, Michelob Ultra, Busch, Labatt Blue, Alexander Keith's, and Kokanee, brands.

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Analyst Recommendations for Ambev (NYSE:ABEV)

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