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

Shares of Ambev S.A. (NYSE:ABEV) have received an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $2.75.

A number of analysts have recently commented on the stock. StockNews.com upgraded shares of Ambev from a “buy” rating to a “strong-buy” rating in a report on Wednesday. UBS Group decreased their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays lowered their target price on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a report on Thursday, May 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Radnor Capital Management LLC purchased a new stake in shares of Ambev during the first quarter valued at $25,000. Lake Street Advisors Group LLC bought a new position in Ambev during the 1st quarter valued at about $28,000. IPG Investment Advisors LLC purchased a new stake in shares of Ambev during the 4th quarter valued at about $30,000. HighPoint Advisor Group LLC purchased a new position in shares of Ambev during the fourth quarter valued at approximately $31,000. Finally, IRON Financial LLC bought a new position in Ambev during the first quarter valued at approximately $33,000. Institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

ABEV stock opened at $2.07 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.69. Ambev has a 1 year low of $2.01 and a 1 year high of $3.11. The firm has a 50-day moving average of $2.12 and a 200 day moving average of $2.36. The company has a market cap of $32.61 billion, a P/E ratio of 10.89, a PEG ratio of 3.16 and a beta of 1.06.

Ambev (NYSE:ABEV) last announced its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Ambev had a return on equity of 17.53% and a net margin of 18.25%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the prior year, the company earned $0.03 EPS. On average, sell-side analysts forecast that Ambev will post 0.18 EPS for the current year.

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.