Stocks of Ambev S.A. ADR [ABEV] are gaining investors’ attention: here’s why

Stocks of Ambev S.A. ADR (NYSE:ABEV) traded higher last session on Wall Street, up 1.85% to $2.75.

According to the data, Ambev S.A. ADR (NYSE:ABEV) has 16 analysts covering its stock. 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 $3.54. Given the previous closing price of $2.70, this indicates a potential upside of 31.11 percent. ABEV stock price is now 4.80% away from the 50-day moving average and -1.38% away from the 200-day moving average. The market capitalization of the company currently stands at $43.29B.

A total of 3 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $3.69 as their price target over the next twelve months.

A total of 0.00% of the company’s stock is owned by insiders.

Monday’s opening bell rang with an opening price of $2.7100 for Ambev S.A. ADR (NYSE: ABEV). During the past 12 months, Ambev S.A. ADR 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 1.11, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $39.84B, which is based on a 15.81 price-to-earnings ratio, a 2.26 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for ABEV is $2.6240 and a two-hundred day moving average price translates $2.7885 for the stock.

The latest earnings results from Ambev S.A. ADR (NYSE: ABEV) was released for Sep, 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 17.21% and return on equity was 18.40% for ABEV. The company reported revenue of $4.16 billion for the quarter, compared to $3.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.93 percent. For the current quarter, analysts expect ABEV to generate $4.24B in revenue.

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