Ambev S.A. (NYSE:ABEV) Receives Consensus Rating of “Hold” from Analysts

Ambev S.A. (NYSE:ABEV) has earned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.68.

ABEV has been the subject of a number of recent research reports. Barclays reduced their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Finally, StockNews.com upgraded shares of Ambev from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 14th.

Ambev Price Performance

Shares of ABEV opened at $2.11 on Friday. The stock has a 50 day simple moving average of $2.30 and a 200 day simple moving average of $2.53. Ambev has a 52-week low of $2.05 and a 52-week high of $3.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.99. The firm has a market capitalization of $33.24 billion, a PE ratio of 11.11, a P/E/G ratio of 3.06 and a beta of 1.07.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Ambev had a net margin of 18.25% and a return on equity of 17.53%. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4 billion. Sell-side analysts predict that Ambev will post 0.18 EPS for the current fiscal year.

Institutional Trading of Ambev

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABEV. Jump Financial LLC raised its holdings in shares of Ambev by 203.9% in the 3rd quarter. Jump Financial LLC now owns 120,191 shares of the company’s stock valued at $310,000 after purchasing an additional 80,641 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Ambev by 51.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 128,171 shares of the company’s stock valued at $331,000 after buying an additional 43,705 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Ambev in the third quarter valued at approximately $242,000. Citigroup Inc. boosted its stake in shares of Ambev by 0.6% during the 3rd quarter. Citigroup Inc. now owns 16,327,692 shares of the company’s stock worth $42,125,000 after acquiring an additional 89,366 shares during the period. Finally, QRG Capital Management Inc. bought a new position in shares of Ambev during the 3rd quarter worth approximately $77,000. 8.13% of the stock is owned by institutional investors.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.