Ambev (NYSE:ABEV) Sees Unusually-High Trading Volume

Ambev S.A. (NYSE:ABEV) saw unusually-high trading volume on Monday . Approximately 28,216,865 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 16,801,273 shares.The stock last traded at $2.37 and had previously closed at $2.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ABEV shares. StockNews.com downgraded Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group decreased their price target on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Ambev presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Performance

The firm has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $2.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.78. The stock has a market capitalization of $37.18 billion, a PE ratio of 12.26, a P/E/G ratio of 5.17 and a beta of 1.05.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Ambev had a return on equity of 16.94% and a net margin of 17.93%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the company earned $0.03 earnings per share. Research analysts expect that Ambev S.A. will post 0.18 EPS for the current year.

Institutional Trading of Ambev

A number of large investors have recently modified their holdings of the company. Radnor Capital Management LLC purchased a new position in shares of Ambev in the 1st quarter valued at $25,000. Lake Street Advisors Group LLC purchased a new position in shares of Ambev in the first quarter worth $28,000. IPG Investment Advisors LLC purchased a new position in shares of Ambev in the fourth quarter worth $30,000. HighPoint Advisor Group LLC acquired a new stake in shares of Ambev during the fourth quarter worth $31,000. Finally, IRON Financial LLC purchased a new stake in shares of Ambev during the first quarter valued at $33,000. Hedge funds and other institutional investors 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.