Ambev S.A. (NYSE:ABEV) Given Average Recommendation of “Hold” by Brokerages

Ambev S.A. (NYSE:ABEV) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $3.20.

A number of equities research analysts recently issued reports on ABEV shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. StockNews.com began coverage on shares of Ambev in a research note on Friday, January 26th. They set a “buy” rating for the company. Finally, Barclays cut shares of Ambev from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $3.50 to $3.00 in a report on Monday, March 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABEV. Radnor Capital Management LLC bought a new position in shares of Ambev during the first quarter valued at approximately $25,000. Perennial Advisors LLC bought a new stake in Ambev during the 3rd quarter valued at $26,000. Coldstream Capital Management Inc. purchased a new position in shares of Ambev in the 3rd quarter valued at $26,000. Integrated Wealth Concepts LLC bought a new position in shares of Ambev in the 3rd quarter worth $26,000. Finally, Ieq Capital LLC purchased a new stake in shares of Ambev during the 3rd quarter worth $27,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Trading Up 0.7 %

Shares of ABEV opened at $2.30 on Friday. The company’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $2.63. The company has a market cap of $36.15 billion, a P/E ratio of 12.75, a P/E/G ratio of 2.28 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. Ambev has a twelve month low of $2.23 and a twelve month high of $3.23.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.04 billion for the quarter. Ambev had a net margin of 18.19% and a return on equity of 17.60%. As a group, analysts expect that Ambev will post 0.19 EPS for the current year.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.