Ambev S.A. (NYSE:ABEV) shares traded 0.70% higher at $2.88 on Wall Street last session.
In accordance with the data, 18 analysts cover Ambev S.A. (NYSE:ABEV). 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 $2.60, we find $3.74. Given the previous closing price of $2.86, this indicates a potential upside of 30.77 percent. ABEV stock price is now -5.04% away from the 50-day moving average and 1.24% away from the 200-day moving average. The market capitalization of the company currently stands at $46.13B.
It has been rated a hold by 4 analysts and a buy by 9. Brokers who have rated the stock have averaged $3.75 as their price target over the next twelve months.
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 ORBIS ALLAN GRAY LTD during the first quarter worth $19,253,000. NORGES BANK invested $4,267,000 in shares of ABEV during the first quarter. In the first quarter, RHUMBLINE ADVISERS acquired a new stake in Ambev S.A. valued at approximately $2,512,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in ABEV for approximately $2,048,000. OPTIVER HOLDING B.V. purchased a new stake in ABEV valued at around $1,454,000 in the second quarter. In total, there are 424 active investors with 18.10% ownership of the company’s stock.
Ambev S.A. (NYSE: ABEV) opened at $2.8300 on Monday. 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 0.05, a current ratio of 1.00, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $43.41B, which is based on a 15.57 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for ABEV is $3.0278 and a two-hundred day moving average price translates $2.8431 for the stock.
The latest earnings results from Ambev S.A. (NYSE: ABEV) was released for Jun, 2023. According to the Beverages – Brewers Company, earnings per share came in at $0.03, inline with analysts’ expectations of $0.03. This compares to $0.04 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 16.70% for ABEV. The company reported revenue of $3.82 billion for the quarter, compared to $3.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.43 percent. For the current quarter, analysts expect ABEV to generate $4.13B 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 5.00% 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 410.20%.
