Ambev (NYSE:ABEV) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ambev (NYSE:ABEV – Get Rating) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.

Several other analysts also recently issued reports on the stock. Citigroup raised shares of Ambev from a “neutral” rating to a “buy” rating in a research note on Monday, January 24th. Zacks Investment Research raised shares of Ambev from a “sell” rating to a “hold” rating and set a $3.25 price target on the stock in a research note on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Ambev presently has an average rating of “Hold” and an average price target of $3.46.

Shares of Ambev stock opened at $2.91 on Monday. The firm has a market cap of $45.80 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.42 and a beta of 1.11. The business has a 50-day moving average price of $2.96 and a 200 day moving average price of $2.88. Ambev has a fifty-two week low of $2.50 and a fifty-two week high of $3.95. The company has a quick ratio of 0.71, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

Ambev (NYSE:ABEV – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.02 billion. Ambev had a return on equity of 15.68% and a net margin of 17.43%. As a group, equities research analysts anticipate that Ambev will post 0.16 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Ambev by 48.3% in the third quarter. BlackRock Inc. now owns 45,638,965 shares of the company’s stock valued at $125,963,000 after acquiring an additional 14,867,593 shares during the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Ambev by 143.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 11,754,196 shares of the company’s stock worth $32,368,000 after purchasing an additional 6,932,984 shares in the last quarter. Ruffer LLP lifted its position in Ambev by 5.9% in the 4th quarter. Ruffer LLP now owns 117,286,661 shares of the company’s stock valued at $319,438,000 after acquiring an additional 6,502,116 shares in the last quarter. Morgan Stanley lifted its position in Ambev by 180.1% in the 3rd quarter. Morgan Stanley now owns 9,171,858 shares of the company’s stock valued at $25,314,000 after acquiring an additional 5,897,089 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Ambev in the 4th quarter valued at $16,267,000. 8.52% of the stock is owned by institutional investors.

Ambev Company Profile (Get Rating)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.

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