Analysts Set Ambev S.A. (NYSE:ABEV) Price Target at $3.20

Shares of Ambev S.A. (NYSE:ABEV) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.20.

Several brokerages recently weighed in on ABEV. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Barclays cut Ambev from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $3.50 to $3.00 in a report on Monday, March 4th. Finally, StockNews.com assumed coverage on Ambev in a report on Friday, January 26th. They issued a “buy” rating for the company.

Hedge Funds Weigh In On Ambev

Several large investors have recently added to or reduced their stakes in the company. Radnor Capital Management LLC acquired a new position in shares of Ambev in the 1st quarter worth approximately $25,000. Perennial Advisors LLC acquired a new position in shares of Ambev in the 3rd quarter worth approximately $26,000. Coldstream Capital Management Inc. acquired a new position in shares of Ambev in the 3rd quarter worth approximately $26,000. Ieq Capital LLC acquired a new position in shares of Ambev in the 3rd quarter worth approximately $27,000. Finally, IPG Investment Advisors LLC acquired a new position in shares of Ambev in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.33 on Friday. The business has a 50 day moving average price of $2.46 and a 200 day moving average price of $2.62. Ambev has a twelve month low of $2.23 and a twelve month high of $3.23. The company has a market cap of $36.62 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.35 and a beta of 1.08. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.03.

Ambev (NYSE:ABEV) last announced its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Ambev had a return on equity of 17.60% and a net margin of 18.19%. The firm had revenue of $4.04 billion during the quarter. Research analysts predict that Ambev will post 0.19 earnings per share for the current year.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.