Brokerages Set Ambev S.A. (NYSE:ABEV) Price Target at $2.35

Shares of Ambev S.A. (NYSE:ABEV) have earned an average recommendation of “Reduce” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $2.35.

A number of analysts recently issued reports on ABEV shares. Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a research report on Saturday, September 27th. Hsbc Global Res raised Ambev to a “hold” rating in a report on Friday, August 1st. HSBC reaffirmed a “hold” rating on shares of Ambev in a report on Friday, August 1st. Zacks Research raised Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, UBS Group reduced their price target on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research report on Wednesday, August 20th.

Ambev Price Performance

NYSE ABEV opened at $2.18 on Monday. The company has a 50-day moving average price of $2.24 and a 200-day moving average price of $2.35. The firm has a market capitalization of $34.27 billion, a P/E ratio of 13.59, a PEG ratio of 2.25 and a beta of 0.85. Ambev has a 52 week low of $1.76 and a 52 week high of $2.63. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $21.84 billion. Equities research analysts anticipate that Ambev will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.023 per share. This represents a yield of 660.0%. This is an increase from Ambev’s previous — dividend of $0.02. The ex-dividend date of this dividend is Monday, August 11th. Ambev’s dividend payout ratio is presently 31.25%.

Hedge Funds Weigh In On Ambev

Several hedge funds have recently bought and sold shares of ABEV. Abacus Wealth Partners LLC purchased a new stake in Ambev during the 2nd quarter worth about $25,000. GAMMA Investing LLC boosted its position in shares of Ambev by 468.4% in the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock valued at $26,000 after purchasing an additional 9,063 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Ambev in the 1st quarter valued at about $26,000. Perigon Wealth Management LLC acquired a new stake in shares of Ambev in the 1st quarter valued at about $27,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Ambev in the 1st quarter valued at about $28,000. 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.