AMBEV S A/S (NYSE:ABEV) Given Consensus Rating of “Hold” by Analysts

AMBEV S A/S (NYSE:ABEV) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $7.00.

A number of equities research analysts have weighed in on ABEV shares. TheStreet downgraded Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Bank of America reiterated an “underperform” rating and issued a GBX 55 ($0.72) target price on shares of Lloyds Banking Group in a report on Tuesday, May 21st. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, June 4th. Finally, ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th.

Shares of ABEV stock traded down $0.05 during mid-day trading on Tuesday, reaching $4.80. 22,680,602 shares of the stock traded hands, compared to its average volume of 24,962,780. The business has a fifty day moving average price of $4.71. AMBEV S A/S has a 1-year low of $3.77 and a 1-year high of $5.44. The stock has a market capitalization of $75.46 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 4.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 1.13.

AMBEV S A/S (NYSE:ABEV) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.37 billion. AMBEV S A/S had a return on equity of 19.60% and a net margin of 21.99%. Equities research analysts expect that AMBEV S A/S will post 0.2 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Park Avenue Securities LLC raised its stake in shares of AMBEV S A/S by 40.4% during the 1st quarter. Park Avenue Securities LLC now owns 28,956 shares of the company’s stock valued at $126,000 after purchasing an additional 8,338 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in AMBEV S A/S by 92.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,837,707 shares of the company’s stock worth $7,902,000 after acquiring an additional 881,900 shares during the last quarter. South Texas Money Management Ltd. bought a new position in AMBEV S A/S in the 1st quarter worth about $47,000. AMG National Trust Bank increased its stake in AMBEV S A/S by 6.3% in the 1st quarter. AMG National Trust Bank now owns 465,448 shares of the company’s stock worth $2,001,000 after acquiring an additional 27,457 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in AMBEV S A/S by 86.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 699,400 shares of the company’s stock worth $3,008,000 after acquiring an additional 323,631 shares during the last quarter. 7.32% of the stock is currently owned by institutional investors and hedge funds.

AMBEV S A/S Company Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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