Ambev (NYSE:ABEV) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Ambev (NYSE:ABEV - Get Free Report) in a research note issued on Friday. The brokerage set a "buy" rating on the stock.

Separately, UBS Group lowered their price target on Ambev from $3.20 to $2.90 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.75.

Ambev Stock Performance

Shares of ABEV stock traded down $0.02 during trading on Friday, reaching $2.28. The company had a trading volume of 12,521,927 shares, compared to its average volume of 18,810,865. The company has a market capitalization of $35.92 billion, a PE ratio of 12.00, a PEG ratio of 5.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.78. The firm's 50 day simple moving average is $2.35 and its two-hundred day simple moving average is $2.27. Ambev has a one year low of $2.01 and a one year high of $3.00.

Ambev (NYSE:ABEV - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. Ambev had a net margin of 17.93% and a return on equity of 16.94%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the firm posted $0.03 earnings per share. Sell-side analysts forecast that Ambev will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Ambev

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Radnor Capital Management LLC acquired a new position in Ambev in the first quarter worth about $25,000. HTLF Bank bought a new position in Ambev during the 3rd quarter valued at about $26,000. HighPoint Advisor Group LLC acquired a new position in Ambev in the fourth quarter valued at about $31,000. Lake Street Advisors Group LLC bought a new stake in Ambev during the first quarter worth about $28,000. Finally, Riversedge Advisors LLC acquired a new stake in shares of Ambev during the third quarter worth approximately $31,000. 8.13% of the stock is currently owned by institutional investors.

About Ambev

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.