Barclays Has Lowered Expectations for Ambev (NYSE:ABEV) Stock Price

Ambev (NYSE:ABEV) had its target price dropped by investment analysts at Barclays from $2.50 to $2.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 10.80% from the company’s current price.

Other equities analysts have also issued research reports about the company. StockNews.com initiated coverage on Ambev in a research note on Sunday. They issued a “buy” rating for the company. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Trading Down 0.8 %

Shares of Ambev stock opened at $1.81 on Tuesday. Ambev has a 1 year low of $1.76 and a 1 year high of $2.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a market cap of $28.44 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 5.38 and a beta of 1.05. The firm has a fifty day moving average price of $2.03 and a 200 day moving average price of $2.19.

Hedge Funds Weigh In On Ambev

Large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Ambev by 9.2% during the third quarter. State Street Corp now owns 10,425,374 shares of the company’s stock worth $25,438,000 after purchasing an additional 878,900 shares during the period. Jane Street Group LLC grew its holdings in shares of Ambev by 132.9% in the third quarter. Jane Street Group LLC now owns 1,976,147 shares of the company’s stock valued at $4,822,000 after purchasing an additional 1,127,719 shares in the last quarter. HighTower Advisors LLC increased its stake in Ambev by 18.3% during the 3rd quarter. HighTower Advisors LLC now owns 54,013 shares of the company’s stock worth $129,000 after buying an additional 8,350 shares during the period. Stifel Financial Corp lifted its holdings in Ambev by 298.1% during the 3rd quarter. Stifel Financial Corp now owns 802,016 shares of the company’s stock worth $1,957,000 after buying an additional 600,545 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Ambev by 32.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company’s stock valued at $2,606,000 after buying an additional 258,875 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

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.