Analysts Set Ambev S.A. (NYSE:ABEV) Target Price at $2.45

Shares of Ambev S.A. (NYSE:ABEV) have earned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $2.45.

ABEV has been the topic of several analyst reports. StockNews.com began coverage on Ambev in a report on Monday, January 27th. They set a “buy” rating on the stock. Barclays lowered their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th.

Institutional Trading of Ambev

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Ambev in the second quarter worth about $225,000. SG Americas Securities LLC boosted its stake in shares of Ambev by 546.9% in the third quarter. SG Americas Securities LLC now owns 69,383 shares of the company’s stock worth $169,000 after acquiring an additional 58,657 shares during the period. Creative Planning boosted its stake in shares of Ambev by 15.5% in the third quarter. Creative Planning now owns 299,592 shares of the company’s stock worth $731,000 after acquiring an additional 40,257 shares during the period. AlphaMark Advisors LLC bought a new position in shares of Ambev in the third quarter worth about $64,000. Finally, Onyx Bridge Wealth Group LLC bought a new position in shares of Ambev in the third quarter worth about $71,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Trading Up 0.8 %

NYSE ABEV opened at $1.92 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $1.89 and its 200 day moving average is $2.15. Ambev has a twelve month low of $1.76 and a twelve month high of $2.72. The firm has a market capitalization of $30.17 billion, a PE ratio of 10.64, a P/E/G ratio of 5.56 and a beta of 1.04.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were given a $0.0414 dividend. This represents a yield of 1.93%. The ex-dividend date was Monday, December 23rd. Ambev’s payout ratio is 38.89%.

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.