Shares of AMBEV S A/S (NYSE:ABEV) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.00.
ABEV has been the subject of a number of research reports. ValuEngine downgraded AMBEV S A/S from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Barclays upgraded AMBEV S A/S from an “equal weight” rating to an “overweight” rating and set a $7.00 price objective for the company in a report on Friday, July 27th. TheStreet downgraded AMBEV S A/S from a “b-” rating to a “c+” rating in a report on Tuesday, May 29th. JPMorgan Chase & Co. downgraded AMBEV S A/S from an “overweight” rating to a “neutral” rating in a report on Monday, June 18th. Finally, Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Monday, June 11th.
Shares of NYSE:ABEV traded up $0.11 during mid-day trading on Wednesday, reaching $4.64. 23,084,900 shares of the stock were exchanged, compared to its average volume of 26,194,168. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.97. The company has a market cap of $70.65 billion, a PE ratio of 19.93, a PEG ratio of 0.97 and a beta of 0.55. AMBEV S A/S has a one year low of $4.28 and a one year high of $7.43.
AMBEV S A/S (NYSE:ABEV) last posted its quarterly earnings data on Thursday, July 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.11 billion. AMBEV S A/S had a return on equity of 24.66% and a net margin of 16.03%. research analysts predict that AMBEV S A/S will post 0.23 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in AMBEV S A/S in the first quarter valued at approximately $106,000. Arnhold LLC bought a new position in AMBEV S A/S in the first quarter valued at approximately $130,000. Fox Run Management L.L.C. bought a new position in AMBEV S A/S in the second quarter valued at approximately $176,000. LPL Financial LLC bought a new position in AMBEV S A/S in the first quarter valued at approximately $227,000. Finally, Millennium Management LLC bought a new position in AMBEV S A/S in the first quarter valued at approximately $251,000. Hedge funds and other institutional investors own 7.02% 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 in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, 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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