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

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

Several research analysts have commented on the company. StockNews.com began coverage on Ambev in a research note on Friday, October 18th. They set a “buy” rating for the company. UBS Group dropped 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, July 31st.

Ambev Price Performance

Ambev stock opened at $2.22 on Wednesday. The stock has a fifty day moving average of $2.32 and a 200-day moving average of $2.26. The stock has a market capitalization of $34.97 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 5.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev has a 52 week low of $2.01 and a 52 week high of $3.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ABEV. Prime Capital Investment Advisors LLC grew its holdings in Ambev by 37.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after acquiring an additional 4,861 shares during the last quarter. National Bank of Canada FI increased its holdings in Ambev by 25.0% in the second quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock valued at $50,000 after purchasing an additional 4,900 shares during the period. UMB Bank n.a. raised its position in Ambev by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after purchasing an additional 4,984 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Ambev by 12.5% during the 1st quarter. SG Americas Securities LLC now owns 46,857 shares of the company’s stock worth $116,000 after buying an additional 5,217 shares during the period. Finally, Endowment Wealth Management Inc. grew its position in shares of Ambev by 26.1% in the 2nd quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock valued at $53,000 after buying an additional 5,368 shares during the last quarter. 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, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.