Ambev S.A. (NYSE:ABEV) Receives $2.70 Consensus Target Price from Brokerages

Ambev S.A. (NYSE:ABEV - Get Free Report) has earned a consensus rating of "Reduce" from the five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $2.70.

A number of research analysts have recently weighed in on ABEV shares. UBS Group lowered Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Wall Street Zen started coverage on Ambev in a report on Wednesday, April 23rd. They issued a "buy" rating on the stock. Barclays raised their target price on Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Morgan Stanley lowered Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th.

Ambev Trading Down 2.0%

Shares of NYSE:ABEV traded down $0.05 during midday trading on Tuesday, reaching $2.44. The company's stock had a trading volume of 23,102,542 shares, compared to its average volume of 29,421,511. The firm has a market capitalization of $38.45 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 5.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The firm has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $2.16. Ambev has a fifty-two week low of $1.76 and a fifty-two week high of $2.64.

Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $22.40 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. As a group, analysts forecast that Ambev will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, May 19th will be given a dividend of $0.0219 per share. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Monday, May 19th. Ambev's payout ratio is 68.75%.

Institutional Trading of Ambev

A number of institutional investors and hedge funds have recently modified their holdings of ABEV. Park Avenue Securities LLC increased its position in shares of Ambev by 130.9% during the fourth quarter. Park Avenue Securities LLC now owns 66,483 shares of the company's stock valued at $123,000 after acquiring an additional 37,696 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Ambev by 17.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 113,416 shares of the company's stock valued at $210,000 after acquiring an additional 16,833 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Ambev by 13.8% during the fourth quarter. Atomi Financial Group Inc. now owns 81,547 shares of the company's stock valued at $151,000 after acquiring an additional 9,866 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Ambev during the fourth quarter valued at approximately $30,000. Finally, AlphaMark Advisors LLC increased its position in shares of Ambev by 78.6% during the fourth quarter. AlphaMark Advisors LLC now owns 46,755 shares of the company's stock valued at $86,000 after acquiring an additional 20,575 shares during the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Ambev Company Profile

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.