Ambev S.A. (NYSE:ABEV) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.63.

ABEV has been the topic of several recent research reports. BidaskClub downgraded Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 28th. Barclays PLC reaffirmed a “hold” rating on shares of Ambev in a report on Sunday, July 30th. Zacks Investment Research raised Ambev from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Monday. Finally, Credit Suisse Group upgraded Ambev from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 12th.

Institutional investors and hedge funds have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Ambev in the second quarter worth approximately $111,000. King Luther Capital Management Corp acquired a new position in shares of Ambev in the 1st quarter worth approximately $121,000. Stephens Inc. AR acquired a new position in shares of Ambev in the 2nd quarter worth approximately $132,000. Aureus Asset Management LLC lifted its position in shares of Ambev by 21.8% in the 1st quarter. Aureus Asset Management LLC now owns 22,470 shares of the company’s stock worth $138,000 after purchasing an additional 4,015 shares during the period. Finally, Virtu Financial LLC lifted its position in shares of Ambev by 38.5% in the 2nd quarter. Virtu Financial LLC now owns 28,800 shares of the company’s stock worth $158,000 after purchasing an additional 8,000 shares during the period. Institutional investors own 7.30% of the company’s stock.

Ambev (ABEV) opened at 6.76 on Wednesday. The company’s 50-day moving average is $6.47 and its 200 day moving average is $5.94. Ambev has a 12 month low of $4.70 and a 12 month high of $6.86. The firm has a market cap of $106.18 billion, a P/E ratio of 28.28 and a beta of 0.66.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.33 billion. Ambev had a return on equity of 23.24% and a net margin of 27.14%. Equities research analysts expect that Ambev will post $0.23 EPS for the current fiscal year.

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About Ambev

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Analyst Recommendations for Ambev (NYSE:ABEV)

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