Ambev S.A. (NYSE:ABEV) Receives $2.53 Average Target Price from Analysts

Shares of Ambev S.A. (NYSE:ABEV) have been assigned a consensus recommendation of “Reduce” from the ten research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2.5267.

ABEV has been the topic of several recent research reports. UBS Group cut their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Ambev in a research report on Monday, December 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $2.88 price objective on shares of Ambev in a research report on Wednesday, November 26th. Finally, Zacks Research upgraded Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th.

Ambev Price Performance

ABEV stock opened at $2.59 on Friday. The business’s fifty day moving average price is $2.39 and its 200 day moving average price is $2.34. Ambev has a 12-month low of $1.76 and a 12-month high of $2.63. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $40.73 billion, a PE ratio of 14.36, a P/E/G ratio of 2.77 and a beta of 0.70.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.97 billion. Ambev had a return on equity of 15.81% and a net margin of 17.90%. On average, sell-side analysts anticipate that Ambev will post 0.18 EPS for the current year.

Ambev Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 22nd will be paid a dividend of $0.049 per share. This represents a dividend yield of 1,322.0%. The ex-dividend date is Monday, December 22nd. Ambev’s dividend payout ratio is presently 27.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC purchased a new position in Ambev in the second quarter valued at $25,000. Modern Wealth Management LLC acquired a new position in shares of Ambev during the 3rd quarter worth about $25,000. First Trust Advisors LP purchased a new position in shares of Ambev in the 3rd quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Ambev during the 1st quarter worth about $26,000. Finally, Bensler LLC purchased a new stake in Ambev during the third quarter worth approximately $27,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.