BidaskClub lowered shares of Ambev S.A. (NYSE:ABEV) from a strong-buy rating to a buy rating in a report published on Thursday.

Several other research firms have also commented on ABEV. Credit Suisse Group upgraded shares of Ambev from a neutral rating to an outperform rating in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of Ambev from a buy rating to a hold rating in a research report on Monday, July 31st. Finally, Barclays PLC restated a hold rating on shares of Ambev in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $6.10.

Ambev (ABEV) opened at 6.59 on Thursday. The firm has a market capitalization of $103.51 billion, a P/E ratio of 27.57 and a beta of 0.66. Ambev has a 1-year low of $4.70 and a 1-year high of $6.86. The company’s 50-day moving average price is $6.31 and its 200-day moving average price is $5.85.

Ambev (NYSE:ABEV) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.33 billion. Ambev had a net margin of 27.14% and a return on equity of 23.24%. Equities research analysts expect that Ambev will post $0.23 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in ABEV. Verition Fund Management LLC acquired a new stake in shares of Ambev in the second quarter valued at about $111,000. King Luther Capital Management Corp acquired a new stake in shares of Ambev in the first quarter valued at about $121,000. Stephens Inc. AR acquired a new stake in shares of Ambev in the second quarter valued at about $132,000. Aureus Asset Management LLC grew its position in shares of Ambev by 21.8% in the first quarter. Aureus Asset Management LLC now owns 22,470 shares of the company’s stock valued at $138,000 after purchasing an additional 4,015 shares during the period. Finally, Virtu Financial LLC grew its position in shares of Ambev by 38.5% in the second quarter. Virtu Financial LLC now owns 28,800 shares of the company’s stock valued at $158,000 after purchasing an additional 8,000 shares during the period. Institutional investors and hedge funds own 7.30% of the company’s stock.

About Ambev

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.

Analyst Recommendations for Ambev (NYSE:ABEV)

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