ValuEngine downgraded shares of AmBev (NYSE:ABEV) from a hold rating to a sell rating in a report released on Monday.
Several other research firms also recently commented on ABEV. TheStreet upgraded AmBev from a c+ rating to a b rating in a research report on Monday, March 5th. JPMorgan Chase increased their target price on AmBev from $6.90 to $7.50 and gave the company an overweight rating in a research report on Monday, April 9th. Zacks Investment Research upgraded AmBev from a hold rating to a buy rating and set a $7.50 target price for the company in a research report on Tuesday, April 24th. Finally, UBS upgraded AmBev from a market perform rating to an outperform rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. AmBev has an average rating of Hold and an average price target of $7.63.
NYSE:ABEV opened at $5.66 on Monday. The stock has a market capitalization of $91.07 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.07. AmBev has a twelve month low of $5.81 and a twelve month high of $5.87.
AmBev (NYSE:ABEV) last released its quarterly earnings data on Wednesday, May 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.65 billion. AmBev had a net margin of 16.15% and a return on equity of 24.66%. equities analysts predict that AmBev will post 0.28 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Vontobel Asset Management Inc. raised its position in AmBev by 1.8% in the fourth quarter. Vontobel Asset Management Inc. now owns 172,699,211 shares of the company’s stock valued at $1,130,975,000 after purchasing an additional 3,086,824 shares during the last quarter. JPMorgan Chase & Co. raised its position in AmBev by 1.7% in the first quarter. JPMorgan Chase & Co. now owns 89,919,627 shares of the company’s stock valued at $653,717,000 after purchasing an additional 1,482,872 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of AmBev by 136.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 42,255,699 shares of the company’s stock worth $272,973,000 after acquiring an additional 24,374,675 shares during the last quarter. BlackRock Inc. raised its position in shares of AmBev by 13.2% during the fourth quarter. BlackRock Inc. now owns 37,564,941 shares of the company’s stock worth $242,670,000 after acquiring an additional 4,382,990 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of AmBev by 5.9% during the first quarter. Fisher Asset Management LLC now owns 30,326,191 shares of the company’s stock worth $220,471,000 after acquiring an additional 1,697,758 shares during the last quarter. Hedge funds and other institutional investors own 7.17% of the company’s stock.
AmBev 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 in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, 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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