AMBEV S A/S (NYSE:ABEV) Receives Average Recommendation of “Hold” from Analysts

Shares of AMBEV S A/S (NYSE:ABEV) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.00.

A number of research analysts have weighed in on ABEV shares. TheStreet lowered shares of AMBEV S A/S from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Zacks Investment Research raised shares of AMBEV S A/S from a “sell” rating to a “hold” rating and set a $5.00 price target on the stock in a research note on Tuesday, April 9th. Bank of America raised shares of AMBEV S A/S from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 21st. Finally, Itau BBA Securities lowered shares of AMBEV S A/S from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 28th.

Shares of ABEV opened at $4.82 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 1.13. AMBEV S A/S has a twelve month low of $3.77 and a twelve month high of $5.44. The company has a market capitalization of $74.67 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 3.21 and a beta of 0.69.

AMBEV S A/S (NYSE:ABEV) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). AMBEV S A/S had a net margin of 21.99% and a return on equity of 19.60%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.37 billion. Analysts anticipate that AMBEV S A/S will post 0.2 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in ABEV. JPMorgan Chase & Co. lifted its position in shares of AMBEV S A/S by 43.6% in the first quarter. JPMorgan Chase & Co. now owns 107,693,141 shares of the company’s stock worth $463,081,000 after purchasing an additional 32,691,490 shares in the last quarter. AKO Capital LLP lifted its position in shares of AMBEV S A/S by 57.3% in the first quarter. AKO Capital LLP now owns 26,478,623 shares of the company’s stock worth $113,858,000 after purchasing an additional 9,645,604 shares in the last quarter. FMR LLC lifted its position in shares of AMBEV S A/S by 55.7% in the fourth quarter. FMR LLC now owns 21,404,746 shares of the company’s stock worth $83,907,000 after purchasing an additional 7,656,571 shares in the last quarter. Bank of America Corp DE lifted its position in shares of AMBEV S A/S by 108.3% in the fourth quarter. Bank of America Corp DE now owns 14,191,351 shares of the company’s stock worth $55,630,000 after purchasing an additional 7,379,720 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of AMBEV S A/S by 6.9% in the first quarter. Lazard Asset Management LLC now owns 83,310,791 shares of the company’s stock worth $358,235,000 after purchasing an additional 5,367,990 shares in the last quarter. 7.32% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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