Shares of AMBEV S A/S (NYSE:ABEV) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $5.50.
A number of research firms have recently weighed in on ABEV. Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America lowered shares of AMBEV S A/S from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $5.40 to $4.00 in a research report on Thursday, October 25th. JPMorgan Chase & Co. lowered shares of AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research report on Thursday, October 25th. UBS Group lowered shares of AMBEV S A/S from a “buy” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th.
A number of hedge funds have recently modified their holdings of ABEV. Millennium Management LLC acquired a new position in AMBEV S A/S during the first quarter worth approximately $251,000. Acadian Asset Management LLC acquired a new position in AMBEV S A/S during the second quarter worth approximately $901,000. Janney Montgomery Scott LLC increased its position in AMBEV S A/S by 11.5% during the second quarter. Janney Montgomery Scott LLC now owns 283,908 shares of the company’s stock worth $1,314,000 after purchasing an additional 29,323 shares during the last quarter. Comerica Bank increased its position in AMBEV S A/S by 59.2% during the second quarter. Comerica Bank now owns 1,400,337 shares of the company’s stock worth $7,002,000 after purchasing an additional 520,930 shares during the last quarter. Finally, First Trust Advisors LP increased its position in AMBEV S A/S by 20.2% during the second quarter. First Trust Advisors LP now owns 447,010 shares of the company’s stock worth $2,070,000 after purchasing an additional 75,246 shares during the last quarter. 7.05% of the stock is owned by hedge funds and other institutional investors.
NYSE:ABEV opened at $4.27 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.02 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $67.04 billion, a PE ratio of 18.57, a PEG ratio of 2.08 and a beta of 0.54. AMBEV S A/S has a 1-year low of $3.86 and a 1-year high of $7.43.
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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