Ambev (NYSE:ABEV) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Ambev (NYSE:ABEV) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the stock.

Separately, UBS Group lowered their price target on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.75.

Ambev Stock Performance

Shares of ABEV opened at $2.30 on Friday. The business’s 50 day moving average price is $2.35 and its 200-day moving average price is $2.27. The stock has a market cap of $36.23 billion, a P/E ratio of 12.11, a P/E/G ratio of 5.34 and a beta of 1.05. Ambev has a 52 week low of $2.01 and a 52 week high of $3.00. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of Ambev

A number of hedge funds have recently bought and sold shares of the company. Private Management Group Inc. bought a new stake in shares of Ambev during the 2nd quarter valued at about $19,149,000. Allspring Global Investments Holdings LLC increased its holdings in Ambev by 323.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock valued at $20,322,000 after buying an additional 7,570,842 shares during the last quarter. Renaissance Technologies LLC raised its position in Ambev by 27.7% in the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after acquiring an additional 7,412,395 shares during the period. Marshall Wace LLP raised its position in Ambev by 324.8% in the second quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock worth $17,064,000 after acquiring an additional 6,364,592 shares during the period. Finally, Seafarer Capital Partners LLC grew its position in shares of Ambev by 29.9% during the 1st quarter. Seafarer Capital Partners LLC now owns 25,199,000 shares of the company’s stock valued at $62,494,000 after acquiring an additional 5,800,000 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Company Profile

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.