AMBEV S A/S (ABEV) Downgraded by JPMorgan Chase & Co. to “Underweight”

JPMorgan Chase & Co. cut shares of AMBEV S A/S (NYSE:ABEV) from a neutral rating to an underweight rating in a report released on Thursday morning, Marketbeat reports.

Several other equities research analysts also recently issued reports on ABEV. ValuEngine downgraded shares of AMBEV S A/S from a hold rating to a sell rating in a research note on Wednesday, July 18th. Barclays upgraded shares of AMBEV S A/S from an equal weight rating to an overweight rating and set a $7.00 target price for the company in a research note on Friday, July 27th. Finally, UBS Group downgraded shares of AMBEV S A/S from a buy rating to a sell rating in a research note on Tuesday, October 2nd. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $6.13.

AMBEV S A/S stock opened at $4.13 on Thursday. AMBEV S A/S has a one year low of $3.86 and a one year high of $7.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.02 and a quick ratio of 0.82. The stock has a market cap of $64.85 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50.



AMBEV S A/S (NYSE:ABEV) last posted its quarterly earnings data on Thursday, July 26th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). AMBEV S A/S had a return on equity of 23.16% and a net margin of 22.07%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.11 billion. On average, sell-side analysts expect that AMBEV S A/S will post 0.2 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of ABEV. Vontobel Asset Management Inc. raised its holdings in AMBEV S A/S by 5.3% in the 2nd quarter. Vontobel Asset Management Inc. now owns 173,943,259 shares of the company’s stock valued at $819,935,000 after acquiring an additional 8,727,647 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in AMBEV S A/S by 17.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 69,120,615 shares of the company’s stock valued at $315,881,000 after acquiring an additional 10,460,543 shares during the period. Renaissance Technologies LLC raised its holdings in AMBEV S A/S by 1,785.4% in the 2nd quarter. Renaissance Technologies LLC now owns 38,834,997 shares of the company’s stock valued at $179,806,000 after acquiring an additional 36,775,197 shares during the period. BlackRock Inc. raised its holdings in AMBEV S A/S by 3.5% in the 2nd quarter. BlackRock Inc. now owns 38,777,226 shares of the company’s stock valued at $179,539,000 after acquiring an additional 1,301,258 shares during the period. Finally, Manning & Napier Group LLC raised its holdings in AMBEV S A/S by 9.4% in the 3rd quarter. Manning & Napier Group LLC now owns 37,320,252 shares of the company’s stock valued at $170,551,000 after acquiring an additional 3,217,476 shares during the period. Institutional investors and hedge funds own 7.07% of the company’s stock.

About AMBEV S A/S

Ambev SA engages in the production, distribution, and sale of beverages. The company products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. Its operates a distribution network that comprises beverage distributors, supermarkets, bars and restaurants, as well as small groceries, bakeries, snack bars and franchises, and points of sale in Brazil.

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

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