Ambev S.A. (NYSE:ABEV) Receives $2.68 Average Price Target from Brokerages

Shares of Ambev S.A. (NYSE:ABEV) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $2.75.

A number of equities research analysts have commented on the company. StockNews.com raised Ambev from a “buy” rating to a “strong-buy” rating in a report on Wednesday. UBS Group reduced their price objective on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays lowered their target price on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th.

Ambev Trading Up 1.0 %

NYSE ABEV opened at $2.07 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $32.61 billion, a P/E ratio of 10.89, a P/E/G ratio of 3.16 and a beta of 1.06. Ambev has a 52-week low of $2.01 and a 52-week high of $3.11. The firm has a 50-day moving average price of $2.12 and a 200 day moving average price of $2.36.

Ambev (NYSE:ABEV) last issued its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 17.53% and a net margin of 18.25%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the business posted $0.03 EPS. Equities research analysts expect that Ambev will post 0.18 EPS for the current year.

Hedge Funds Weigh In On Ambev

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Radnor Capital Management LLC purchased a new stake in shares of Ambev in the first quarter valued at $25,000. Lake Street Advisors Group LLC purchased a new position in Ambev in the 1st quarter valued at about $28,000. IPG Investment Advisors LLC acquired a new stake in shares of Ambev during the 4th quarter worth about $30,000. HighPoint Advisor Group LLC acquired a new stake in shares of Ambev during the 4th quarter worth about $31,000. Finally, IRON Financial LLC purchased a new stake in shares of Ambev during the first quarter worth about $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

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.