In yesterday’s Wall Street session, Ambev S.A. (NYSE:ABEV) shares traded at $2.91, down -1.02% from the previous session.
17 analysts cover Ambev S.A. (NYSE:ABEV), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.50, we find $3.40. Given the previous closing price of $2.94, this indicates a potential upside of 15.65 percent. ABEV stock price is now 4.17% away from the 50-day moving average and 3.38% away from the 200-day moving average. The market capitalization of the company currently stands at $46.34B.
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The stock has received a hold rating from 5 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $3.54 as their price target over the next twelve months.
, while ‘BofA Securities’ rates the stock as ‘Neutral’.
There have been several recent changes in the stakes of large investors in ABEV stock. A new stake in Ambev S.A. shares was purchased by NINETY ONE UK LTD during the first quarter worth $115,670,000. PERPETUAL LTD invested $76,728,000 in shares of ABEV during the first quarter. In the first quarter, NINETY ONE NORTH AMERICA, INC. acquired a new stake in Ambev S.A. valued at approximately $42,736,000. D. E. SHAW & CO., INC. acquired a new stake in ABEV for approximately $5,570,000. NORGES BANK purchased a new stake in ABEV valued at around $4,312,000 in the second quarter. In total, there are 410 active investors with 18.10% ownership of the company’s stock.
On Wednesday morning Ambev S.A. (NYSE: ABEV) stock kicked off with the opening price of $2.9500. During the past 12 months, Ambev S.A. has had a low of $2.40 and a high of $3.24. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.00, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $43.45B, which is based on a 15.40 price-to-earnings ratio, a 2.17 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for ABEV is $2.8002 and a two-hundred day moving average price translates $2.8154 for the stock.
The latest earnings results from Ambev S.A. (NYSE: ABEV) was released for Mar, 2023. According to the Beverages – Brewers Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.03 by 0.01. This compares to $0.04 EPS in the same period last year. The net profit margin was 18.00% and return on equity was 17.20% for ABEV. The company reported revenue of $3.95 billion for the quarter, compared to $3.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.99 percent. For the current quarter, analysts expect ABEV to generate $3.79B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/06/2022. Investors who held shares on 12/21/2021 were paid a $0.023804 dividend. On an annualized basis, this represents a $0.14 dividend and a 4.95% percent yield. There was an ex-dividend date of 12/20/2021 for this dividend. In terms of dividend payout ratio, ABEV is presently at 401.40%.
Ambev S.A.(ABEV) Company Profile
Ambev S.A., 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. The company also provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi-Cola, Canada Dry, Squirt, Red Rock, Red Bull, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike’s brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. operates as a subsidiary of Interbrew International B.V.
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