Ambev S.A. (NYSE:ABEV) Stock Has Average Target Price of $3.01

Ambev S.A. (NYSE:ABEV) has earned a consensus rating of “Reduce” from the six brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.01.

Several research analysts have weighed in on ABEV shares. UBS Group set a $2.85 price objective on Ambev in a research report on Tuesday, August 11th. Scotiabank lowered Ambev from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, July 15th. Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Wall Street Zen downgraded shares of Ambev from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Bank of America downgraded shares of Ambev from a “neutral” rating to an “underperform” rating and set a $3.30 price target on the stock. in a report on Wednesday, October 7th.

Insiders Place Their Bets

In other news, insider Carla Smith De Vasconcellos Crippa Prado sold 60,757 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $3.09, for a total transaction of $187,739.13. Following the completion of the transaction, the insider directly owned 80,707 shares of the company’s stock, valued at $249,384.63. This represents a 42.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Ambev

A number of hedge funds have recently modified their holdings of the stock. VestGen Advisors LLC grew its position in Ambev by 29.2% during the 3rd quarter. VestGen Advisors LLC now owns 16,267 shares of the company’s stock worth $48,000 after purchasing an additional 3,679 shares in the last quarter. Focused Alpha LLC lifted its holdings in shares of Ambev by 3.6% in the third quarter. Focused Alpha LLC now owns 112,135 shares of the company’s stock valued at $327,000 after purchasing an additional 3,851 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ambev by 7.1% in the first quarter. PNC Financial Services Group Inc. now owns 62,574 shares of the company’s stock valued at $183,000 after purchasing an additional 4,121 shares in the last quarter. Waverly Advisors LLC lifted its holdings in shares of Ambev by 1.3% in the second quarter. Waverly Advisors LLC now owns 349,336 shares of the company’s stock valued at $1,097,000 after purchasing an additional 4,437 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in shares of Ambev by 26.7% in the second quarter. United Capital Financial Advisors LLC now owns 23,467 shares of the company’s stock worth $74,000 after buying an additional 4,941 shares during the period. Institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.79 on Tuesday. Ambev has a twelve month low of $2.28 and a twelve month high of $3.45. The stock’s 50 day moving average price is $3.01 and its 200-day moving average price is $3.03. The company has a market capitalization of $43.90 billion, a PE ratio of 14.66 and a beta of 0.58. The company has a quick ratio of 0.81, a current ratio of 1.06 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.21 billion. Ambev had a return on equity of 18.13% and a net margin of 17.80%. On average, equities analysts anticipate that Ambev will post 0.21 EPS for the current year.

About Ambev

Ambev SA is a beverage company headquartered in São Paulo, Brazil. It produces, distributes and sells beer and other beverages, including soft drinks, water and energy drinks. Its beer portfolio includes brands such as Brahma, Antarctica and Skol, as well as international brands marketed under license or through distribution agreements.

The company serves customers across Brazil and other markets in Latin America, including countries in South America, Central America and the Caribbean.