Ambev (NYSE:ABEV) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Ambev (NYSE:ABEV) from a strong-buy rating to a buy rating in a research report released on Thursday.

ABEV has been the topic of a number of other research reports. UBS Group dropped their price target on shares of Ambev from $3.20 to $2.90 and set a buy rating on the stock in a research report on Wednesday, July 31st. Barclays cut their price target on shares of Ambev from $3.00 to $2.50 and set an equal weight rating on the stock in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ambev currently has an average rating of Hold and a consensus target price of $2.75.

Ambev Stock Up 0.9 %

Shares of NYSE:ABEV opened at $2.27 on Thursday. The firm has a market cap of $35.76 billion, a P/E ratio of 11.95, a P/E/G ratio of 3.14 and a beta of 1.06. Ambev has a 12-month low of $2.01 and a 12-month high of $3.00. The business has a fifty day simple moving average of $2.12 and a 200 day simple moving average of $2.34. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Ambev had a return on equity of 17.16% and a net margin of 17.93%. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Analysts predict that Ambev will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. IPG Investment Advisors LLC acquired a new position in shares of Ambev during the fourth quarter valued at about $30,000. Radnor Capital Management LLC bought a new position in Ambev in the first quarter worth approximately $25,000. HighPoint Advisor Group LLC acquired a new stake in Ambev in the fourth quarter valued at approximately $31,000. Lake Street Advisors Group LLC bought a new stake in shares of Ambev during the first quarter valued at approximately $28,000. Finally, SVB Wealth LLC acquired a new position in shares of Ambev during the fourth quarter worth approximately $34,000. 8.13% of the stock is owned by institutional investors.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.