Ambev (NYSE:ABEV) Reaches New 12-Month Low at $2.24

Ambev S.A. (NYSE:ABEV)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.24 and last traded at $2.27, with a volume of 672608 shares traded. The stock had previously closed at $2.26.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ABEV shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. StockNews.com initiated coverage on Ambev in a research report on Friday, January 26th. They set a “buy” rating on the stock. Finally, Barclays cut shares of Ambev from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $3.50 to $3.00 in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambev presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Stock Up 0.4 %

The stock has a 50-day moving average of $2.50 and a 200-day moving average of $2.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 2.28 and a beta of 1.08.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Ambev had a return on equity of 17.60% and a net margin of 18.19%. The firm had revenue of $4.04 billion during the quarter. Sell-side analysts predict that Ambev S.A. will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Ambev

A number of large investors have recently bought and sold shares of ABEV. Radnor Capital Management LLC bought a new stake in shares of Ambev during the 1st quarter worth approximately $25,000. Perennial Advisors LLC bought a new stake in Ambev during the third quarter worth $26,000. Coldstream Capital Management Inc. acquired a new stake in shares of Ambev in the 3rd quarter valued at $26,000. Integrated Wealth Concepts LLC bought a new position in shares of Ambev in the 3rd quarter valued at $26,000. Finally, Ieq Capital LLC bought a new position in shares of Ambev in the 3rd quarter valued at $27,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Company Profile

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