AMBEV S A/S (NYSE:ABEV) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7.00.
Several research firms recently weighed in on ABEV. ValuEngine lowered AMBEV S A/S from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Barclays upgraded AMBEV S A/S from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a report on Friday, July 27th. Finally, UBS Group lowered AMBEV S A/S from a “buy” rating to a “sell” rating in a report on Tuesday, October 2nd.
Shares of AMBEV S A/S stock traded down $0.02 during trading on Friday, hitting $4.63. 404,911 shares of the stock traded hands, compared to its average volume of 26,339,602. The firm has a market cap of $71.75 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 0.98 and a beta of 0.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.79. AMBEV S A/S has a twelve month low of $4.28 and a twelve month high of $7.43.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vontobel Asset Management Inc. lifted its holdings in AMBEV S A/S by 5.3% in the 2nd quarter. Vontobel Asset Management Inc. now owns 173,943,259 shares of the company’s stock worth $819,935,000 after purchasing an additional 8,727,647 shares during the last quarter. Morningstar Investment Services LLC increased its position in AMBEV S A/S by 19.4% in the 2nd quarter. Morningstar Investment Services LLC now owns 137,921 shares of the company’s stock worth $639,000 after buying an additional 22,443 shares during the period. HRT Financial LLC bought a new position in AMBEV S A/S in the 2nd quarter worth approximately $526,000. Brown Advisory Inc. increased its position in AMBEV S A/S by 20,580.3% in the 2nd quarter. Brown Advisory Inc. now owns 2,594,345 shares of the company’s stock worth $12,012,000 after buying an additional 2,581,800 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership increased its position in AMBEV S A/S by 22.0% in the 2nd quarter. Kiwi Wealth Investments Limited Partnership now owns 593,629 shares of the company’s stock worth $2,749,000 after buying an additional 107,158 shares during the period. Hedge funds and other institutional investors own 7.02% of the company’s stock.
About AMBEV S A/S
Ambev SA engages in the production, distribution, and sale of beverages. The company products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. Its operates a distribution network that comprises beverage distributors, supermarkets, bars and restaurants, as well as small groceries, bakeries, snack bars and franchises, and points of sale in Brazil.
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