AMBEV S A/S (ABEV) Shares Gap Down to $4.27

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AMBEV S A/S (NYSE:ABEV) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.38, but opened at $4.27. AMBEV S A/S shares last traded at $4.14, with a volume of 22294331 shares changing hands.

A number of brokerages have recently commented on ABEV. Zacks Investment Research raised AMBEV S A/S from a “sell” rating to a “hold” rating and set a $5.00 price objective on the stock in a report on Tuesday, April 9th. Itau BBA Securities lowered AMBEV S A/S from a “market perform” rating to an “underperform” rating in a report on Thursday, February 28th. Santander lowered AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, TheStreet raised AMBEV S A/S from a “c” rating to a “b-” rating in a report on Friday, February 1st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.63.

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 0.87. The firm has a market cap of $67.44 billion, a P/E ratio of 21.79, a PEG ratio of 2.76 and a beta of 0.69.

AMBEV S A/S (NYSE:ABEV) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. AMBEV S A/S had a return on equity of 19.60% and a net margin of 21.99%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.86 billion. Equities research analysts anticipate that AMBEV S A/S will post 0.22 earnings per share for the current year.

A number of large investors have recently made changes to their positions in ABEV. Rehmann Capital Advisory Group boosted its stake in AMBEV S A/S by 141.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,800 shares of the company’s stock valued at $34,000 after purchasing an additional 5,148 shares during the period. Ruggie Capital Group bought a new stake in AMBEV S A/S during the 4th quarter valued at approximately $37,000. Navellier & Associates Inc boosted its stake in AMBEV S A/S by 79.0% during the 4th quarter. Navellier & Associates Inc now owns 9,770 shares of the company’s stock valued at $38,000 after purchasing an additional 4,312 shares during the period. Enterprise Financial Services Corp bought a new stake in AMBEV S A/S during the 1st quarter valued at approximately $43,000. Finally, Paloma Partners Management Co bought a new stake in AMBEV S A/S during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 7.09% of the company’s stock.

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About AMBEV S A/S (NYSE:ABEV)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, 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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