Ambev SA’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (ABEV)
Ambev SA (NASDAQ:ABEV)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $8.10 target price on the stock, up from their previous target price of $7.90. JPMorgan Chase & Co.’s price objective points to a potential upside of 14.25% from the company’s current price.
Shares of Ambev SA (NASDAQ:ABEV) traded up 0.99% during mid-day trading on Tuesday, hitting $7.16. The stock had a trading volume of 3,554,617 shares. Ambev SA has a 52-week low of $6.23 and a 52-week high of $8.108. The stock has a 50-day moving average of $7.45 and a 200-day moving average of $7.22. The company has a market cap of $112.2 billion and a P/E ratio of 21.48.
Ambev SA (NASDAQ:ABEV) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. On average, analysts predict that Ambev SA will post $0.36 earnings per share for the current fiscal year.
The company also recently declared a … dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Monday, June 9th will be given a dividend of $0.0003 per share. The ex-dividend date of this dividend is Thursday, June 5th.
A number of other firms have also recently commented on ABEV. Analysts at Morgan Stanley raised their price target on shares of Ambev SA from $8.00 to $8.40 in a research note on Friday, May 23rd. Separately, analysts at Bank of America reiterated a “positive” rating on shares of Ambev SA in a research note on Tuesday, May 13th. Finally, analysts at Bank of America downgraded shares of Ambev SA to a “neutral” rating in a research note on Wednesday, April 30th.
Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector.
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