AMBEV S A/S (NYSE:ABEV) Receives Average Recommendation of “Hold” from Brokerages

Shares of AMBEV S A/S (NYSE:ABEV) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.00.

Several equities research analysts have weighed in on ABEV shares. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. TheStreet cut Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th. Finally, Bank of America reiterated an “underperform” rating and issued a GBX 55 ($0.72) price objective on shares of Lloyds Banking Group in a report on Tuesday, May 21st.

Large investors have recently made changes to their positions in the company. Park Avenue Securities LLC raised its position in shares of AMBEV S A/S by 40.4% in the 1st quarter. Park Avenue Securities LLC now owns 28,956 shares of the company’s stock worth $126,000 after acquiring an additional 8,338 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of AMBEV S A/S by 92.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,837,707 shares of the company’s stock worth $7,902,000 after acquiring an additional 881,900 shares in the last quarter. South Texas Money Management Ltd. bought a new position in shares of AMBEV S A/S in the 1st quarter worth approximately $47,000. AMG National Trust Bank raised its position in shares of AMBEV S A/S by 6.3% in the 1st quarter. AMG National Trust Bank now owns 465,448 shares of the company’s stock worth $2,001,000 after acquiring an additional 27,457 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of AMBEV S A/S by 86.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 699,400 shares of the company’s stock worth $3,008,000 after acquiring an additional 323,631 shares in the last quarter. 7.32% of the stock is owned by hedge funds and other institutional investors.

NYSE ABEV traded down $0.05 on Tuesday, hitting $4.80. The company’s stock had a trading volume of 22,680,602 shares, compared to its average volume of 24,962,780. AMBEV S A/S has a 52-week low of $3.77 and a 52-week high of $5.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 1.13. The firm’s 50-day simple moving average is $4.71. The firm has a market capitalization of $75.46 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 4.93 and a beta of 0.70.

AMBEV S A/S (NYSE:ABEV) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). AMBEV S A/S had a return on equity of 19.60% and a net margin of 21.99%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.37 billion. As a group, sell-side analysts anticipate that AMBEV S A/S will post 0.2 earnings per share for the current fiscal year.

About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, 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.

Further Reading: Depreciation

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

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