Ambev S.A. (NYSE:ABEV) Receives $2.75 Consensus Price Target from Brokerages

Shares of Ambev S.A. (NYSE:ABEV) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $2.75.

Several equities analysts recently commented on ABEV shares. StockNews.com downgraded shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. UBS Group dropped their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

Ambev Stock Performance

Shares of Ambev stock opened at $2.34 on Friday. The company has a market cap of $36.86 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 5.34 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $2.35 and a 200-day moving average of $2.27. Ambev has a 1-year low of $2.01 and a 1-year high of $3.00.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.56 billion. Ambev had a net margin of 17.93% and a return on equity of 16.94%. During the same quarter in the prior year, the firm earned $0.03 EPS. As a group, equities research analysts forecast that Ambev will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ambev

Large investors have recently modified their holdings of the company. Radnor Capital Management LLC acquired a new stake in shares of Ambev during the first quarter worth $25,000. HighPoint Advisor Group LLC acquired a new stake in shares of Ambev during the fourth quarter worth $31,000. Lake Street Advisors Group LLC acquired a new stake in Ambev in the first quarter worth $28,000. Foster Group Inc. acquired a new stake in Ambev in the third quarter worth $33,000. Finally, Abacus Wealth Partners LLC acquired a new stake in Ambev in the first quarter worth $38,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

About Ambev

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.