Ambev (NYSE:ABEV) Lowered to “Hold” at StockNews.com

Ambev (NYSE:ABEVGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other equities analysts have also weighed in on ABEV. Zacks Investment Research lowered Ambev from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup raised Ambev from a “neutral” rating to a “buy” rating in a research note on Monday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.46.

Shares of NYSE:ABEV opened at $2.86 on Thursday. The stock’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $2.88. The company has a current ratio of 1.04, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. Ambev has a 12-month low of $2.50 and a 12-month high of $3.95. The firm has a market cap of $45.01 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.91 and a beta of 1.10.

Ambev (NYSE:ABEVGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev had a return on equity of 16.87% and a net margin of 18.06%. As a group, research analysts forecast that Ambev will post 0.16 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ABEV. Brown Brothers Harriman & Co. lifted its position in Ambev by 117.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 8,233 shares of the company’s stock worth $27,000 after acquiring an additional 4,448 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Ambev during the 3rd quarter worth approximately $29,000. Procyon Advisors LLC purchased a new stake in Ambev during the 1st quarter worth approximately $34,000. Valeo Financial Advisors LLC purchased a new stake in Ambev during the 1st quarter worth approximately $34,000. Finally, Stifel Financial Corp purchased a new stake in Ambev during the 4th quarter worth approximately $35,000. 8.48% of the stock is currently owned by hedge funds and other 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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