Ambev (NYSE:ABEV) Earns Buy Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Ambev (NYSE:ABEVGet Rating) in a research report issued on Sunday. The firm set a “buy” rating on the stock.

Other research analysts also recently issued research reports about the company. TheStreet downgraded Ambev from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. JPMorgan Chase & Co. upgraded shares of Ambev from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambev presently has an average rating of “Moderate Buy” and an average target price of $3.50.

Ambev Stock Performance

NYSE ABEV opened at $2.96 on Friday. The firm has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $2.84. Ambev has a 12-month low of $2.42 and a 12-month high of $3.32. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $46.58 billion, a P/E ratio of 18.50, a P/E/G ratio of 2.07 and a beta of 1.11.

Ambev (NYSE:ABEVGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.04 earnings per share (EPS) for the quarter. Ambev had a net margin of 17.61% and a return on equity of 16.45%. The company had revenue of $3.67 billion during the quarter. Analysts anticipate that Ambev will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ABEV. Van ECK Associates Corp increased its holdings in Ambev by 142.7% during the 1st quarter. Van ECK Associates Corp now owns 495,601 shares of the company’s stock worth $1,601,000 after acquiring an additional 291,426 shares during the period. Cerity Partners LLC increased its holdings in shares of Ambev by 676.9% in the first quarter. Cerity Partners LLC now owns 84,835 shares of the company’s stock worth $274,000 after purchasing an additional 73,916 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in Ambev by 73.4% during the first quarter. Vestmark Advisory Solutions Inc. now owns 21,650 shares of the company’s stock valued at $70,000 after buying an additional 9,167 shares during the period. King Luther Capital Management Corp purchased a new position in Ambev during the first quarter worth about $80,000. Finally, National Bank of Canada FI increased its stake in Ambev by 146.3% in the 1st quarter. National Bank of Canada FI now owns 420,649 shares of the company’s stock worth $1,338,000 after acquiring an additional 249,850 shares during the last quarter. Hedge funds and other institutional investors own 8.44% of the company’s stock.

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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