Ambev S.A. (NYSE:ABEV) Receives $3.20 Average Price Target from Analysts

Ambev S.A. (NYSE:ABEV) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.20.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. Barclays cut Ambev from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $3.50 to $3.00 in a report on Monday, March 4th. Finally, StockNews.com began coverage on Ambev in a report on Friday, January 26th. They set a “buy” rating for the company.

Ambev Trading Up 0.7 %

Shares of ABEV stock opened at $2.31 on Friday. The business’s fifty day moving average price is $2.48 and its 200 day moving average price is $2.63. The firm has a market capitalization of $36.30 billion, a PE ratio of 12.81, a P/E/G ratio of 2.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. Ambev has a 1-year low of $2.23 and a 1-year high of $3.23.

Ambev (NYSE:ABEV) last posted its quarterly earnings results 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 business 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, sell-side analysts forecast that Ambev will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Ambev

A number of institutional investors and hedge funds have recently bought and sold shares of ABEV. 1900 Wealth Management LLC increased its position in Ambev by 8.4% during the third quarter. 1900 Wealth Management LLC now owns 50,942 shares of the company’s stock worth $131,000 after buying an additional 3,953 shares in the last quarter. Baron Wealth Management LLC increased its position in Ambev by 11.5% during the 4th quarter. Baron Wealth Management LLC now owns 38,362 shares of the company’s stock worth $107,000 after purchasing an additional 3,963 shares in the last quarter. Fifth Third Bancorp raised its stake in Ambev by 0.8% in the 3rd quarter. Fifth Third Bancorp now owns 502,445 shares of the company’s stock valued at $1,296,000 after purchasing an additional 3,985 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in Ambev by 49.9% in the 4th quarter. Hartford Financial Management Inc. now owns 12,739 shares of the company’s stock valued at $36,000 after purchasing an additional 4,238 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in Ambev by 37.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,021 shares of the company’s stock valued at $41,000 after purchasing an additional 4,348 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

About Ambev

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.