Analysts Set AMBEV S A/S (NYSE:ABEV) PT at $6.00

Shares of AMBEV S A/S (NYSE:ABEV) have received an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.00.

ABEV has been the topic of several research analyst reports. Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Bank of America raised shares of AMBEV S A/S from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 21st. TheStreet cut shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Itau BBA Securities cut shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, ValuEngine cut shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

AMBEV S A/S stock traded up $0.06 during trading hours on Friday, hitting $4.70. The company had a trading volume of 21,247,500 shares, compared to its average volume of 27,503,398. The firm has a market cap of $73.57 billion, a PE ratio of 24.74, a PEG ratio of 4.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.21 and a quick ratio of 0.93. AMBEV S A/S has a one year low of $3.77 and a one year high of $5.45. The firm has a 50-day moving average of $4.96 and a 200 day moving average of $4.63.

AMBEV S A/S (NYSE:ABEV) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.18 billion. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. As a group, research analysts expect that AMBEV S A/S will post 0.2 earnings per share for the current year.

Several large investors have recently made changes to their positions in ABEV. Steward Partners Investment Advisory LLC acquired a new stake in shares of AMBEV S A/S during the 2nd quarter worth approximately $28,000. FTB Advisors Inc. boosted its position in shares of AMBEV S A/S by 345.2% during the 2nd quarter. FTB Advisors Inc. now owns 8,170 shares of the company’s stock worth $37,000 after acquiring an additional 6,335 shares in the last quarter. Enterprise Financial Services Corp acquired a new stake in shares of AMBEV S A/S during the 1st quarter worth approximately $43,000. Signaturefd LLC boosted its position in shares of AMBEV S A/S by 75.5% during the 2nd quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock worth $43,000 after acquiring an additional 3,996 shares in the last quarter. Finally, Alta Capital Management LLC acquired a new stake in shares of AMBEV S A/S during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 7.35% of the company’s stock.

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 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.

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

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