AmBev (NYSE:ABEV) had its price target upped by research analysts at JPMorgan Chase from $6.90 to $7.50 in a research report issued on Monday, April 9th. The firm currently has an “overweight” rating on the stock. JPMorgan Chase’s price objective points to a potential upside of 8.85% from the stock’s current price.
A number of other research firms also recently issued reports on ABEV. ValuEngine raised AmBev from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. TheStreet raised AmBev from a “c+” rating to a “b” rating in a research report on Monday, March 5th. UBS raised AmBev from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research raised AmBev from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. AmBev currently has an average rating of “Buy” and a consensus target price of $7.75.
ABEV stock opened at $6.89 on Monday. AmBev has a twelve month low of $5.30 and a twelve month high of $7.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market capitalization of $108,023.58, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.59.
AmBev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). AmBev had a return on equity of 24.16% and a net margin of 15.68%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.55 billion. sell-side analysts predict that AmBev will post 0.3 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ABEV. Goldman Sachs Group Inc. boosted its holdings in AmBev by 136.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,255,699 shares of the company’s stock worth $272,973,000 after acquiring an additional 24,374,675 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of AmBev in the fourth quarter worth about $50,200,000. BlackRock Inc. raised its stake in shares of AmBev by 13.2% in the fourth quarter. BlackRock Inc. now owns 37,564,941 shares of the company’s stock worth $242,670,000 after purchasing an additional 4,382,990 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of AmBev by 55.8% in the fourth quarter. Standard Life Aberdeen plc now owns 9,721,009 shares of the company’s stock worth $62,798,000 after purchasing an additional 3,480,900 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of AmBev in the fourth quarter worth about $20,931,000. 7.16% of the stock is owned by institutional investors and hedge funds.
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Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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