Ambev (NYSE:ABEV) Sees Unusually-High Trading Volume

Shares of Ambev S.A. (NYSE:ABEV) saw an uptick in trading volume on Wednesday . 66,370,849 shares changed hands during mid-day trading, an increase of 260% from the previous session’s volume of 18,444,820 shares.The stock last traded at $2.55 and had previously closed at $2.50.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com lowered Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group lowered their target price on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.75.

Ambev Stock Up 2.4 %

The company has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.27. The company has a quick ratio of 0.78, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $40.33 billion, a P/E ratio of 13.42, a PEG ratio of 5.23 and a beta of 1.05.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company 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 previous year, the firm posted $0.03 earnings per share. As a group, equities analysts predict that Ambev S.A. will post 0.17 EPS for the current year.

Institutional Trading of Ambev

Large investors have recently modified their holdings of the company. Radnor Capital Management LLC purchased a new stake in shares of Ambev in the first quarter valued at approximately $25,000. Lake Street Advisors Group LLC purchased a new stake in Ambev during the first quarter worth $28,000. HighPoint Advisor Group LLC purchased a new stake in Ambev during the fourth quarter worth $31,000. Abacus Wealth Partners LLC purchased a new stake in Ambev during the first quarter worth $38,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Ambev during the second quarter worth $46,000. 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.