Ambev (ABEV) Stock Forecast & Price Target

$2.15 -0.02 (-0.92%)

(As of 10:02 AM ET)

Ambev - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 6 Analyst Ratings

Sell
0

Hold
4

Buy
2

Based on 6 Wall Street analysts who have issued ratings for Ambev in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 4 have given a hold rating, and 2 have given a buy rating for ABEV.

Consensus Price Target

$2.75
28.06% Upside

According to the 6 analysts' twelve-month price targets for Ambev, the average price target is $2.75. The highest price target for ABEV is $2.90, while the lowest price target for ABEV is $2.50. The average price target represents a forecasted upside of 28.06% from the current price of $2.15.

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ABEV Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2.75	$2.75	$2.75	$3.30
Forecasted Upside	28.06% Upside	21.29% Upside	14.72% Upside	19.13% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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ABEV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ABEV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ambev Stock vs. The Competition

Type	Ambev	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.33	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	27.17% Upside	40.78% Upside	9.82% Upside
News Sentiment Rating	Positive News See Recent ABEV News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/31/2024	UBS Group 4 of 5 stars	Lower Target	Buy ➝ Buy	$3.20 ➝ $2.90	+40.78%
5/9/2024	Barclays 3 of 5 stars	Lower Target	Equal Weight ➝ Equal Weight	$3.00 ➝ $2.50	+6.84%
3/1/2024	JPMorgan Chase & Co. 3 of 5 stars	Reiterated Rating	Overweight ➝ Neutral
12/8/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight
12/7/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
11/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$2.86	+4.57%
7/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
5/24/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$3.74	+29.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:22 AM ET.

Should I Buy Ambev Stock? ABEV Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Ambev pros and cons to contact@marketbeat.com.

Ambev
Bull Case

Here are some ways that investors could benefit from investing in Ambev S.A.:

Ambev S.A. has shown consistent growth in its position, with institutional investors increasing their holdings, indicating confidence in the company's future prospects.
Recent Wall Street analyst reports have maintained a positive outlook on Ambev S.A., with buy ratings and a consensus target price of $2.75, suggesting potential for stock price appreciation.
Ambev S.A. has a market cap of $38.44 billion, indicating a strong presence in the market and stability as a large-cap company.
The company's current PE ratio of 12.68 suggests that the stock may be undervalued compared to its earnings, potentially offering a good entry point for investors.
Ambev S.A. has a diverse product portfolio, including beer, soft drinks, and other beverages, which can help mitigate risks associated with dependence on a single product.

Ambev
Bear Case

Investors should be bearish about investing in Ambev S.A. for these reasons:

Ambev S.A.'s stock performance has been relatively flat, with minimal movement in the stock price, potentially indicating limited short-term growth opportunities.
The company's P/E/G ratio of 5.23 suggests that the stock may be overvalued relative to its earnings growth rate, which could pose a risk for investors expecting rapid appreciation.
Ambev S.A. operates in regions that may be susceptible to economic and political volatility, which could impact its operations and financial performance.
The company's debt-to-equity ratio of 0.02 may indicate a conservative financial approach, but it also suggests limited leverage for growth and expansion initiatives.
Ambev S.A.'s 52-week high of $3.00 and low of $2.01 reflect a narrow trading range, potentially signaling stability but also limited price volatility for traders seeking quick gains.

ABEV Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Ambev is $2.75, with a high forecast of $2.90 and a low forecast of $2.50.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ambev in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ABEV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABEV, but not buy additional shares or sell existing shares.
: According to analysts, Ambev's stock has a predicted upside of 28.06% based on their 12-month stock forecasts.
: Analysts like Ambev less than other "consumer staples" companies. The consensus rating score for Ambev is 2.33 while the average consensus rating score for "consumer staples" companies is 2.47. Learn more on how ABEV compares to other companies.

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This page (NYSE:ABEV) was last updated on 11/21/2024 by MarketBeat.com Staff

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Ambev (ABEV) Stock Forecast & Price Target