Ambev (NYSE:ABEV) Coverage Initiated at StockNews.com

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

Other equities research analysts have also recently issued reports about the company. Barclays dropped their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Citigroup reissued a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.45.

Ambev Trading Up 1.4 %

Shares of ABEV stock opened at $1.86 on Monday. The stock has a market capitalization of $29.22 billion, a PE ratio of 10.31, a P/E/G ratio of 5.44 and a beta of 1.05. Ambev has a 1-year low of $1.76 and a 1-year high of $2.72. The business has a 50-day moving average of $2.00 and a 200 day moving average of $2.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABEV. MCIA Inc bought a new position in Ambev during the 3rd quarter valued at approximately $25,000. Insight Inv LLC bought a new stake in shares of Ambev in the 4th quarter worth $25,000. HTLF Bank bought a new stake in shares of Ambev in the 3rd quarter worth $26,000. Wealthstream Advisors Inc. bought a new stake in shares of Ambev in the 3rd quarter worth $29,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Ambev in the 4th quarter worth $30,000. Institutional investors own 8.13% of the company’s stock.

About Ambev

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.