Ambev S.A. (NYSE:ABEV) Receives $3.20 Average Price Target from Analysts

Ambev S.A. (NYSE:ABEV) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.20.

A number of research firms have recently weighed in on ABEV. Citigroup began coverage on Ambev in a report on Thursday, December 7th. They issued a “buy” rating on the stock. Morgan Stanley upgraded Ambev from an “underweight” rating to an “equal weight” rating in a report on Friday, December 8th. StockNews.com assumed coverage on Ambev in a report on Friday, January 26th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ambev in a report on Friday, March 1st. Finally, TheStreet upgraded Ambev from a “c+” rating to a “b-” rating in a report on Friday, December 1st.

Hedge Funds Weigh In On Ambev

Several hedge funds have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new position in shares of Ambev in the fourth quarter valued at $31,000. Virtu Financial LLC purchased a new position in Ambev during the fourth quarter worth about $264,000. Burford Brothers Inc. purchased a new position in Ambev during the fourth quarter worth about $273,000. GSA Capital Partners LLP purchased a new position in Ambev during the fourth quarter worth about $370,000. Finally, Riverbridge Partners LLC purchased a new position in Ambev during the fourth quarter worth about $69,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Stock Performance

NYSE ABEV opened at $2.48 on Tuesday. The business has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $2.66. Ambev has a one year low of $2.42 and a one year high of $3.23. The stock has a market capitalization of $39.06 billion, a P/E ratio of 13.78, a P/E/G ratio of 2.52 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, February 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Ambev had a return on equity of 17.60% and a net margin of 18.19%. The business had revenue of $4.04 billion during the quarter. Research analysts expect that Ambev will post 0.19 earnings per share for the current year.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.