Ambev SA (ABEV) Receives Consensus Rating of “Hold” from Brokerages
Ambev SA (NYSE:ABEV) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.00.
ABEV has been the topic of a number of recent analyst reports. TheStreet lowered shares of Ambev from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Ambev from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, UBS Group raised shares of Ambev from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th.
Shares of Ambev (NYSE:ABEV) opened at $6.88 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.76. Ambev has a 1 year low of $5.30 and a 1 year high of $7.04. The firm has a market cap of $106,924.50, a PE ratio of 38.22, a P/E/G ratio of 2.14 and a beta of 0.64.
A number of hedge funds have recently modified their holdings of ABEV. Raymond James Financial Services Advisors Inc. grew its stake in Ambev by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 40,090 shares of the company’s stock worth $220,000 after acquiring an additional 381 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Ambev in the 3rd quarter worth about $145,000. First Trust Advisors LP grew its stake in Ambev by 11.5% in the 3rd quarter. First Trust Advisors LP now owns 333,394 shares of the company’s stock worth $2,197,000 after acquiring an additional 34,315 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Ambev in the 3rd quarter worth about $1,847,000. Finally, Bbva Compass Bancshares Inc. grew its stake in Ambev by 11.5% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 304,338 shares of the company’s stock worth $2,006,000 after acquiring an additional 31,357 shares in the last quarter. Institutional investors and hedge funds own 7.08% of the company’s stock.
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Ambev Company Profile
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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