Analysts Set Ambev S.A. (NYSE:ABEV) PT at $2.45

Shares of Ambev S.A. (NYSE:ABEV - Get Free Report) have received a consensus rating of "Reduce" from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.45.

ABEV has been the topic of a number of recent analyst reports. Morgan Stanley lowered Ambev from an "equal weight" rating to an "underweight" rating in a research report on Monday, April 7th. Citigroup reiterated a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. StockNews.com began coverage on Ambev in a research note on Wednesday, April 23rd. They set a "buy" rating on the stock. Bank of America lowered Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Finally, Barclays decreased their price objective on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st.

Ambev Price Performance

ABEV stock traded down $0.02 during mid-day trading on Friday, reaching $2.48. The company's stock had a trading volume of 6,928,373 shares, compared to its average volume of 28,877,564. Ambev has a fifty-two week low of $1.76 and a fifty-two week high of $2.59. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The company's 50 day moving average is $2.32 and its two-hundred day moving average is $2.13. The stock has a market cap of $39.00 billion, a PE ratio of 13.75, a P/E/G ratio of 5.80 and a beta of 0.80.

Ambev (NYSE:ABEV - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. Equities research analysts expect that Ambev will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Tuesday, March 18th were paid a $0.0221 dividend. This represents a $0.09 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Tuesday, March 18th. Ambev's payout ratio is 52.94%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of 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. Perigon Wealth Management LLC purchased a new stake in shares of Ambev during the 1st quarter valued at approximately $27,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Ambev in the first quarter worth $28,000. M&T Bank Corp bought a new stake in shares of Ambev during the 1st quarter valued at $30,000. Finally, Insight Inv LLC purchased a new position in Ambev during the 4th quarter valued at about $25,000. 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.