AMBEV S A/S (NYSE:ABEV) Receives $6.00 Average Price Target from Brokerages

AMBEV S A/S (NYSE:ABEV) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.00.

A number of equities analysts recently weighed in on ABEV shares. Itau BBA Securities downgraded shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. ValuEngine downgraded shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of AMBEV S A/S from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research note on Friday, July 26th. Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, TheStreet downgraded shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a research note on Friday, May 17th.

NYSE ABEV traded up $0.06 during mid-day trading on Friday, reaching $4.70. 21,247,500 shares of the stock were exchanged, compared to its average volume of 27,503,398. AMBEV S A/S has a one year low of $3.77 and a one year high of $5.45. The stock has a 50 day simple moving average of $4.96 and a 200-day simple moving average of $4.63. The stock has a market cap of $73.57 billion, a P/E ratio of 24.74, a P/E/G ratio of 4.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.21 and a quick ratio of 0.93.

AMBEV S A/S (NYSE:ABEV) last announced its earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.18 billion. Sell-side analysts anticipate that AMBEV S A/S will post 0.2 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of AMBEV S A/S during the second quarter valued at about $28,000. FTB Advisors Inc. grew its holdings in shares of AMBEV S A/S by 345.2% during the second quarter. FTB Advisors Inc. now owns 8,170 shares of the company’s stock valued at $37,000 after buying an additional 6,335 shares during the last quarter. Signaturefd LLC grew its holdings in shares of AMBEV S A/S by 75.5% during the second quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock valued at $43,000 after buying an additional 3,996 shares during the last quarter. Enterprise Financial Services Corp acquired a new position in shares of AMBEV S A/S during the first quarter valued at about $43,000. Finally, Pacer Advisors Inc. acquired a new position in shares of AMBEV S A/S during the second quarter valued at about $48,000. Institutional investors and hedge funds own 7.35% of the company’s stock.

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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