Ambev (NYSE:ABEV) Sees Large Volume Increase

Ambev S.A. (NYSE:ABEV) saw an uptick in trading volume on Thursday . 17,263,082 shares were traded during trading, an increase of 11% from the previous session’s volume of 15,532,567 shares.The stock last traded at $2.40 and had previously closed at $2.32.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group dropped their price target on Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com cut shares of Ambev from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Barclays cut their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ambev Stock Performance

The company has a market capitalization of $37.97 billion, a P/E ratio of 12.63, a PEG ratio of 3.14 and a beta of 1.06. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average is $2.12 and its two-hundred day moving average is $2.33.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.56 billion. Ambev had a return on equity of 17.16% and a net margin of 17.93%. During the same quarter in the previous year, the company posted $0.03 earnings per share. Equities analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ambev

Several institutional investors have recently added to or reduced their stakes in ABEV. Radnor Capital Management LLC purchased a new position in shares of Ambev during the first quarter valued at approximately $25,000. Lake Street Advisors Group LLC bought a new position in Ambev in the 1st quarter worth $28,000. IPG Investment Advisors LLC purchased a new stake in shares of Ambev in the 4th quarter worth about $30,000. HighPoint Advisor Group LLC purchased a new position in shares of Ambev during the fourth quarter valued at about $31,000. Finally, IRON Financial LLC bought a new stake in shares of Ambev during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

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.