Ambev S.A. (NYSE:ABEV) Stock Now Rated “Reduce” by Wall Street Brokerages

Shares of Ambev S.A. (NYSE:ABEV) have been assigned an average recommendation of “Reduce” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have given 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 $3.01.

Several analysts recently commented on ABEV shares. UBS Group set a $2.85 price target on shares of Ambev in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Bank of America downgraded shares of Ambev from a “neutral” rating to an “underperform” rating and set a $3.30 target price for the company. in a research report on Wednesday, October 7th. Barclays decreased their target price on shares of Ambev from $3.50 to $3.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Finally, Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a report on Sunday.

Ambev Stock Down 0.4%

NYSE:ABEV opened at $2.78 on Tuesday. The business’s fifty day moving average price is $3.01 and its 200 day moving average price is $3.03. The firm has a market capitalization of $43.80 billion, a price-to-earnings ratio of 14.63 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. Ambev has a 1-year low of $2.28 and a 1-year high of $3.45.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.21 billion. Ambev had a return on equity of 18.13% and a net margin of 17.80%. On average, sell-side analysts forecast that Ambev will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Carla Smith De Vasconcellos Crippa Prado sold 60,757 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $3.09, for a total transaction of $187,739.13. Following the completion of the sale, the insider directly owned 80,707 shares in the company, valued at approximately $249,384.63. This trade represents a 42.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Integrated Advisors Network LLC acquired a new stake in shares of Ambev during the 1st quarter valued at about $31,000. World Investment Advisors acquired a new position in Ambev in the first quarter worth approximately $32,000. Envestnet Portfolio Solutions Inc. acquired a new position in Ambev in the second quarter worth approximately $32,000. Equitable Trust Co. acquired a new position in Ambev in the first quarter worth approximately $34,000. Finally, Global Wealth Strategies & Associates bought a new position in Ambev during the second quarter valued at approximately $37,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Company Profile

Ambev SA is a beverage company headquartered in São Paulo, Brazil. It produces, distributes and sells beer and other beverages, including soft drinks, water and energy drinks. Its beer portfolio includes brands such as Brahma, Antarctica and Skol, as well as international brands marketed under license or through distribution agreements.

The company serves customers across Brazil and other markets in Latin America, including countries in South America, Central America and the Caribbean.