Ambev S.A. (NYSE:ABEV) Receives $2.70 Average PT from Analysts

Ambev S.A. (NYSE:ABEV) has been given a consensus rating of “Hold” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.70.

Separately, StockNews.com initiated coverage on shares of Ambev in a research note on Friday, October 18th. They issued a “buy” rating for the company.

Ambev Stock Up 5.3 %

ABEV opened at $2.31 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The company has a market capitalization of $36.31 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 6.44 and a beta of 1.05. Ambev has a fifty-two week low of $2.01 and a fifty-two week high of $3.00. The business has a 50-day moving average of $2.27 and a 200-day moving average of $2.23.

Institutional Trading of Ambev

Several hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in Ambev by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 599,291 shares of the company’s stock valued at $1,402,000 after purchasing an additional 31,408 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in Ambev by 268.7% in the third quarter. Peapack Gladstone Financial Corp now owns 52,344 shares of the company’s stock valued at $128,000 after purchasing an additional 38,146 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Ambev by 15.0% in the third quarter. Sanctuary Advisors LLC now owns 126,269 shares of the company’s stock valued at $308,000 after purchasing an additional 16,500 shares in the last quarter. Barclays PLC grew its position in Ambev by 76.9% in the third quarter. Barclays PLC now owns 52,625 shares of the company’s stock valued at $128,000 after acquiring an additional 22,880 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Ambev in the third quarter valued at about $48,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.