Analysts Set AMBEV S A/S (ABEV) Target Price at $8.00

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.

AMBEV S A/S (NYSE:ABEV) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.11 billion. AMBEV S A/S had a net margin of 16.03% and a return on equity of 24.66%. As a group, equities research analysts predict that AMBEV S A/S will post 0.23 earnings per share for the current year.

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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