Ambev (NYSE:ABEV) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Ambev's stock has a "hold (C)" rating from Weiss Ratings, maintaining a status that reflects cautious sentiment among analysts.
• The average price target for Ambev shares is currently set at $2.35, with a majority of analysts rating the stock as a hold.
• Ambev reported $3.59 billion in revenue for the last quarter, matching analysts' expectations for earnings per share of $0.03.

Ambev (NYSE:ABEV - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on ABEV. HSBC restated a "hold" rating on shares of Ambev in a research report on Friday, August 1st. Zacks Research upgraded Ambev from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. UBS Group reduced their price objective on shares of Ambev from $2.50 to $2.20 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Finally, Hsbc Global Res raised Ambev to a "hold" rating in a research report on Friday, August 1st. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $2.35.

Ambev Price Performance

Shares of ABEV traded up $0.02 during midday trading on Wednesday, reaching $2.18. The stock had a trading volume of 18,945,415 shares, compared to its average volume of 33,958,402. The company's 50-day moving average is $2.24 and its 200 day moving average is $2.35. Ambev has a 12-month low of $1.76 and a 12-month high of $2.63. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $34.27 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.26 and a beta of 0.85.

Ambev (NYSE:ABEV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. Ambev had a return on equity of 15.39% and a net margin of 16.18%.The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $21.84 billion. On average, equities analysts predict that Ambev will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ABEV. Abacus Wealth Partners LLC acquired a new position in shares of Ambev during the second quarter worth about $25,000. GAMMA Investing LLC raised its stake in Ambev by 468.4% during the first quarter. GAMMA Investing LLC now owns 10,998 shares of the company's stock worth $26,000 after purchasing an additional 9,063 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Ambev in the 1st quarter valued at $26,000. Perigon Wealth Management LLC purchased a new position in shares of Ambev in the 1st quarter valued at $27,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in Ambev during the 1st quarter valued at $28,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.

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