Brokerages Set Ambev S.A. (NYSE:ABEV) Target Price at $2.75

Shares of Ambev S.A. (NYSE:ABEV) have been given an average recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.75.

Several research firms have recently commented on ABEV. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group reduced their price objective on Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday, July 31st.

Ambev Price Performance

Shares of Ambev stock opened at $2.39 on Tuesday. Ambev has a 1 year low of $2.01 and a 1 year high of $3.00. The company has a market cap of $37.65 billion, a P/E ratio of 12.58, a P/E/G ratio of 5.27 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $2.25 and a 200 day moving average price of $2.29.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a net margin of 17.93% and a return on equity of 16.94%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the firm earned $0.03 earnings per share. As a group, analysts expect that Ambev will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ABEV. IPG Investment Advisors LLC bought a new stake in Ambev in the fourth quarter worth $30,000. Radnor Capital Management LLC acquired a new position in shares of Ambev during the 1st quarter valued at about $25,000. HighPoint Advisor Group LLC bought a new position in shares of Ambev in the 4th quarter valued at approximately $31,000. Lake Street Advisors Group LLC bought a new position in shares of Ambev in the 1st quarter valued at approximately $28,000. Finally, Abacus Wealth Partners LLC acquired a new stake in Ambev in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.