Ambev (NYSE:ABEV) Reaches New 12-Month Low at $2.05

Shares of Ambev S.A. (NYSE:ABEV) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.05 and last traded at $2.07, with a volume of 3780367 shares trading hands. The stock had previously closed at $2.10.

Analyst Ratings Changes

ABEV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a report on Friday, March 1st. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Barclays reduced their target price on shares of Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.68.

Ambev Trading Down 0.7 %

The company’s fifty day moving average is $2.26 and its two-hundred day moving average is $2.49. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 3.10 and a beta of 1.07.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4 billion. Ambev had a net margin of 18.25% and a return on equity of 17.53%. On average, research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Ambev

Institutional investors have recently bought and sold shares of the business. Radnor Capital Management LLC acquired a new stake in shares of Ambev during the 1st quarter worth about $25,000. Lake Street Advisors Group LLC purchased a new stake in shares of Ambev during the 1st quarter worth approximately $28,000. IPG Investment Advisors LLC acquired a new position in shares of Ambev in the 4th quarter valued at $30,000. HighPoint Advisor Group LLC purchased a new position in shares of Ambev in the 4th quarter valued at $31,000. Finally, IRON Financial LLC acquired a new stake in Ambev during the 1st quarter worth $33,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

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.