Ambev S.A., 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. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands. The company also provides bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. is a subsidiary of Interbrew International B.V.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on ABEV shares. TheStreet cut Ambev from a "b-" rating to a "c+" rating in a research note on Tuesday, July 5th. StockNews.com upgraded Ambev from a "hold" rating to a "buy" rating in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. upgraded Ambev from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Ambev currently has an average rating of "Moderate Buy" and a consensus target price of $3.50.
Ambev Price Performance
Ambev stock opened at $2.98 on Thursday. The stock has a market cap of $46.90 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.18 and a beta of 1.14. 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 business has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.82. Ambev has a 52 week low of $2.42 and a 52 week high of $3.33.
Ambev (NYSE:ABEV - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.04 EPS for the quarter. The firm had revenue of $3.67 billion for the quarter. Ambev had a net margin of 17.61% and a return on equity of 16.45%. On average, research analysts forecast that Ambev will post 0.15 earnings per share for the current fiscal year.