Ambev (NYSE:ABEV) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Ambev (NYSE:ABEV) in a research report issued on Monday. The firm set a “buy” rating on the stock.

ABEV has been the topic of a number of other reports. Barclays lowered their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ambev currently has a consensus rating of “Hold” and a consensus target price of $2.45.

Ambev Stock Performance

Shares of NYSE ABEV opened at $1.80 on Monday. The company has a market cap of $28.28 billion, a PE ratio of 9.97, a PEG ratio of 5.44 and a beta of 1.05. Ambev has a 52-week low of $1.76 and a 52-week high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $2.01 and its 200-day moving average price is $2.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. HTLF Bank acquired a new stake in shares of Ambev in the third quarter valued at about $26,000. MCIA Inc purchased a new position in Ambev in the 3rd quarter worth approximately $25,000. Wealthstream Advisors Inc. acquired a new position in shares of Ambev during the 3rd quarter worth approximately $29,000. Riversedge Advisors LLC purchased a new stake in shares of Ambev in the third quarter valued at approximately $31,000. Finally, Foster Group Inc. acquired a new stake in shares of Ambev in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

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.