Ambev SA (ABEV) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ambev SA (NYSE:ABEV) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.00.

ABEV has been the subject of a number of recent research reports. TheStreet cut shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Ambev from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Evercore ISI reiterated an “outperform” rating and set a $8.50 price target (up previously from $7.00) on shares of Ambev in a research note on Friday, October 13th. BidaskClub cut shares of Ambev from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, Barclays reiterated an “equal weight” rating on shares of Ambev in a research note on Saturday, October 28th.

A number of large investors have recently modified their holdings of ABEV. Smithfield Trust Co. acquired a new stake in shares of Ambev in the 3rd quarter worth $105,000. Fort Pitt Capital Group LLC acquired a new stake in shares of Ambev in the 3rd quarter worth $119,000. Verition Fund Management LLC acquired a new stake in shares of Ambev in the 2nd quarter worth $111,000. St. James Investment Company LLC acquired a new stake in shares of Ambev in the 3rd quarter worth $137,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Ambev in the 3rd quarter worth $145,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Ambev (ABEV) opened at $6.77 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.76. The company has a market cap of $103,420.00, a price-to-earnings ratio of 37.06 and a beta of 0.71. Ambev has a 52-week low of $5.18 and a 52-week high of $7.03.

The firm also recently declared a special dividend, which will be paid on Monday, March 5th. Investors of record on Friday, February 2nd will be paid a dividend of $0.0215 per share. The ex-dividend date is Thursday, February 1st.

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Ambev Company Profile

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.

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