Ambev (NYSE:ABEV) Upgraded at Wall Street Zen

Ambev (NYSE:ABEV) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other research firms have also recently issued reports on ABEV. Sanford C. Bernstein reiterated a “market perform” rating and issued a $2.88 target price on shares of Ambev in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a report on Monday, December 29th. Finally, Barclays increased their target price on shares of Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ambev currently has a consensus rating of “Reduce” and a consensus price target of $2.69.

Ambev Stock Down 0.2%

Shares of ABEV opened at $3.08 on Friday. Ambev has a 52 week low of $1.87 and a 52 week high of $3.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $48.45 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.27 and a beta of 0.65. The stock’s 50-day moving average price is $2.70 and its 200-day moving average price is $2.45.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Ambev had a return on equity of 16.41% and a net margin of 17.75%.The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.28 billion. On average, sell-side analysts predict that Ambev will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Modern Wealth Management LLC purchased a new stake in Ambev during the 3rd quarter worth approximately $25,000. Monument Capital Management purchased a new position in shares of Ambev in the fourth quarter valued at approximately $25,000. First Trust Advisors LP acquired a new stake in shares of Ambev in the third quarter worth approximately $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Ambev during the first quarter worth approximately $26,000. Finally, Bensler LLC purchased a new stake in shares of Ambev during the third quarter worth approximately $27,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

About Ambev

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.