Analysts Set AMBEV S A/S (ABEV) Price Target at $7.75

AMBEV S A/S (NYSE:ABEV) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $7.75.

A number of research analysts have recently weighed in on ABEV shares. ValuEngine upgraded AMBEV S A/S from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. TheStreet upgraded AMBEV S A/S from a “c+” rating to a “b” rating in a research report on Monday, March 5th. JPMorgan Chase & Co. raised their price objective on AMBEV S A/S from $6.90 to $7.50 and gave the company an “overweight” rating in a research report on Monday, April 9th. Zacks Investment Research upgraded AMBEV S A/S from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research report on Tuesday, April 24th. Finally, UBS Group lowered AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 9th.

ABEV stock traded up $0.12 during trading on Monday, reaching $5.12. The company’s stock had a trading volume of 848,655 shares, compared to its average volume of 22,070,223. AMBEV S A/S has a 1 year low of $4.80 and a 1 year high of $7.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.74 and a current ratio of 0.94. The firm has a market capitalization of $79.76 billion, a PE ratio of 22.21, a PEG ratio of 0.93 and a beta of 0.57.

AMBEV S A/S (NYSE:ABEV) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). AMBEV S A/S had a return on equity of 24.66% and a net margin of 16.15%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.65 billion. sell-side analysts forecast that AMBEV S A/S will post 0.25 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Monday, August 6th. Investors of record on Tuesday, June 19th will be issued a $0.0441 dividend. This is an increase from AMBEV S A/S’s previous special dividend of $0.02. The ex-dividend date of this dividend is Monday, June 18th. AMBEV S A/S’s dividend payout ratio (DPR) is presently 65.22%.

Several large investors have recently made changes to their positions in ABEV. Goldman Sachs Group Inc. lifted its holdings in shares of AMBEV S A/S by 136.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,255,699 shares of the company’s stock valued at $272,973,000 after acquiring an additional 24,374,675 shares during the last quarter. Maverick Capital Ltd. bought a new stake in AMBEV S A/S in the fourth quarter worth about $50,200,000. American Century Companies Inc. lifted its stake in AMBEV S A/S by 191.7% in the first quarter. American Century Companies Inc. now owns 9,450,595 shares of the company’s stock worth $68,706,000 after purchasing an additional 6,210,435 shares during the last quarter. GQG Partners LLC bought a new stake in AMBEV S A/S in the first quarter worth about $42,715,000. Finally, BlackRock Inc. lifted its stake in AMBEV S A/S by 13.2% in the fourth quarter. BlackRock Inc. now owns 37,564,941 shares of the company’s stock worth $242,670,000 after purchasing an additional 4,382,990 shares during the last quarter. 6.93% of the stock is owned by hedge funds and other institutional investors.

AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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