AMBEV S A/S (NYSE:ABEV) fell 1.6% during trading on Wednesday . The company traded as low as $4.32 and last traded at $4.41. 628,092 shares were traded during mid-day trading, a decline of 98% from the average session volume of 36,105,648 shares. The stock had previously closed at $4.34.
A number of equities research analysts have recently issued reports on the stock. UBS Group downgraded shares of AMBEV S A/S from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 9th. Zacks Investment Research downgraded shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine downgraded shares of AMBEV S A/S from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. JPMorgan Chase & Co. cut their price objective on shares of AMBEV S A/S from $7.50 to $6.50 and set an “overweight” rating for the company in a research report on Tuesday, May 22nd. Finally, Barclays raised shares of AMBEV S A/S from an “equal weight” rating to an “overweight” rating and set a $7.00 price objective for the company in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. AMBEV S A/S has a consensus rating of “Hold” and a consensus price target of $7.38.
The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.97. The stock has a market cap of $73.01 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.00 and a beta of 0.55.
AMBEV S A/S (NYSE:ABEV) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). AMBEV S A/S had a net margin of 16.03% and a return on equity of 24.66%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.11 billion. equities analysts anticipate that AMBEV S A/S will post 0.23 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in shares of AMBEV S A/S during the 1st quarter valued at $106,000. Arnhold LLC purchased a new stake in AMBEV S A/S in the 1st quarter worth $130,000. Fox Run Management L.L.C. purchased a new stake in AMBEV S A/S in the 2nd quarter worth $176,000. Renaissance Technologies LLC purchased a new stake in AMBEV S A/S in the 4th quarter worth $218,000. Finally, LPL Financial LLC purchased a new stake in AMBEV S A/S in the 1st quarter worth $227,000. Institutional investors own 7.03% of the company’s stock.
About AMBEV S A/S (NYSE:ABEV)
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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