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

Ambev S.A. (NYSE:ABEV) has earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $2.75.

A number of brokerages recently commented on ABEV. StockNews.com upgraded shares of Ambev from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays dropped their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Finally, UBS Group reduced their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st.

Institutional Trading of Ambev

Several institutional investors and hedge funds have recently bought and sold shares of ABEV. Allspring Global Investments Holdings LLC increased its position in shares of Ambev by 323.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock worth $20,322,000 after purchasing an additional 7,570,842 shares during the last quarter. Perpetual Ltd grew its stake in shares of Ambev by 10.1% in the first quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock valued at $161,210,000 after buying an additional 5,943,974 shares in the last quarter. Seafarer Capital Partners LLC increased its holdings in Ambev by 29.9% during the first quarter. Seafarer Capital Partners LLC now owns 25,199,000 shares of the company’s stock worth $62,494,000 after buying an additional 5,800,000 shares during the last quarter. Ruffer LLP raised its position in Ambev by 12.4% during the fourth quarter. Ruffer LLP now owns 51,517,699 shares of the company’s stock worth $144,494,000 after acquiring an additional 5,699,184 shares in the last quarter. Finally, Oldfield Partners LLP acquired a new stake in Ambev in the first quarter valued at $12,157,000. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Up 1.0 %

NYSE:ABEV opened at $2.07 on Monday. Ambev has a 1 year low of $2.01 and a 1 year high of $3.11. The company has a current ratio of 0.99, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. The stock has a market cap of $32.61 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 3.14 and a beta of 1.06. The stock has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $2.35.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 17.16% and a net margin of 17.93%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the prior year, the business earned $0.03 EPS. As a group, equities analysts expect that Ambev will post 0.18 earnings per share for the current year.

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.