Several other equities analysts have also recently weighed in on the company. TheStreet upgraded AMBEV S A/S from a “d+” rating to a “c-” rating in a research report on Monday, July 27th. Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Monday, July 13th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. AMBEV S A/S has a consensus rating of “Hold” and a consensus price target of $3.70.
ABEV opened at $2.68 on Friday. The firm has a 50-day moving average price of $2.71 and a 200-day moving average price of $2.89. AMBEV S A/S has a twelve month low of $1.90 and a twelve month high of $5.40. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $42.15 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 4.24 and a beta of 1.03.
AMBEV S A/S (NYSE:ABEV) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). AMBEV S A/S had a return on equity of 13.70% and a net margin of 17.92%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $3.13 billion. On average, sell-side analysts expect that AMBEV S A/S will post 0.11 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. M&T Bank Corp grew its position in AMBEV S A/S by 7.0% during the second quarter. M&T Bank Corp now owns 57,835 shares of the company’s stock worth $152,000 after buying an additional 3,765 shares in the last quarter. Deltec Asset Management LLC grew its holdings in shares of AMBEV S A/S by 21.7% during the first quarter. Deltec Asset Management LLC now owns 28,000 shares of the company’s stock worth $64,000 after purchasing an additional 5,000 shares in the last quarter. Iberiabank Corp increased its position in shares of AMBEV S A/S by 21.6% in the second quarter. Iberiabank Corp now owns 28,697 shares of the company’s stock worth $76,000 after purchasing an additional 5,107 shares during the last quarter. BOKF NA raised its stake in AMBEV S A/S by 18.2% in the first quarter. BOKF NA now owns 37,918 shares of the company’s stock valued at $88,000 after purchasing an additional 5,835 shares in the last quarter. Finally, Lenox Wealth Management Inc. lifted its position in AMBEV S A/S by 12.8% during the first quarter. Lenox Wealth Management Inc. now owns 54,795 shares of the company’s stock valued at $126,000 after purchasing an additional 6,220 shares during the last quarter. Institutional investors own 8.58% of the company’s stock.
AMBEV S A/S Company Profile
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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