AMBEV S A/S (NYSE:ABEV) Upgraded by Bank of America to “Neutral”

AMBEV S A/S (NYSE:ABEV) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a report released on Tuesday, May 21st, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on ABEV. TheStreet raised shares of AMBEV S A/S from a “c” rating to a “b-” rating in a research report on Friday, February 1st. Santander downgraded shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded shares of AMBEV S A/S from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Itau BBA Securities downgraded shares of AMBEV S A/S from a “market perform” rating to an “underperform” rating in a report on Thursday, February 28th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.33.

ABEV stock traded down $0.13 during trading on Tuesday, reaching $4.51. The stock had a trading volume of 24,623,208 shares, compared to its average volume of 28,695,961. AMBEV S A/S has a one year low of $3.77 and a one year high of $5.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 1.13. The company has a market capitalization of $72.94 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.07 and a beta of 0.69.

AMBEV S A/S (NYSE:ABEV) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). AMBEV S A/S had a return on equity of 19.60% and a net margin of 21.99%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.37 billion. On average, sell-side analysts forecast that AMBEV S A/S will post 0.2 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its stake in AMBEV S A/S by 40.9% in the 1st quarter. Clearbridge Investments LLC now owns 83,269 shares of the company’s stock worth $358,000 after purchasing an additional 24,170 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of AMBEV S A/S by 39.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 12,230 shares of the company’s stock valued at $53,000 after buying an additional 3,430 shares in the last quarter. HighTower Advisors LLC raised its position in shares of AMBEV S A/S by 9.5% during the 1st quarter. HighTower Advisors LLC now owns 135,816 shares of the company’s stock valued at $579,000 after buying an additional 11,755 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of AMBEV S A/S by 11.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,100 shares of the company’s stock valued at $118,000 after buying an additional 2,850 shares in the last quarter. Finally, One Wealth Advisors LLC raised its position in shares of AMBEV S A/S by 80.2% during the 1st quarter. One Wealth Advisors LLC now owns 41,590 shares of the company’s stock valued at $179,000 after buying an additional 18,510 shares in the last quarter. 7.33% of the stock is owned by institutional investors.

About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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