ValuEngine upgraded shares of AMBEV S A/S (NYSE:ABEV) from a hold rating to a buy rating in a research report sent to investors on Friday morning, ValuEngine reports.

Several other research analysts also recently weighed in on ABEV. Zacks Investment Research upgraded shares of Investar from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Tuesday, June 4th. Bank of America restated an underperform rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a research report on Tuesday, May 21st. Finally, TheStreet downgraded shares of Trinseo from a b- rating to a c+ rating in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. AMBEV S A/S presently has an average rating of Hold and a consensus target price of $5.00.

ABEV stock opened at $5.40 on Friday. The stock’s 50-day moving average price is $4.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 1.21. AMBEV S A/S has a 52-week low of $3.77 and a 52-week high of $5.43. The stock has a market cap of $82.37 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 4.70 and a beta of 0.70.

AMBEV S A/S (NYSE:ABEV) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. AMBEV S A/S had a net margin of 22.15% and a return on equity of 19.48%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.18 billion. On average, research analysts expect that AMBEV S A/S will post 0.2 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABEV. JPMorgan Chase & Co. raised its holdings in AMBEV S A/S by 43.6% in the 1st quarter. JPMorgan Chase & Co. now owns 107,693,141 shares of the company’s stock valued at $463,081,000 after acquiring an additional 32,691,490 shares during the last quarter. AKO Capital LLP raised its holdings in AMBEV S A/S by 57.3% in the 1st quarter. AKO Capital LLP now owns 26,478,623 shares of the company’s stock valued at $113,858,000 after acquiring an additional 9,645,604 shares during the last quarter. FMR LLC raised its holdings in AMBEV S A/S by 55.7% in the 4th quarter. FMR LLC now owns 21,404,746 shares of the company’s stock valued at $83,907,000 after acquiring an additional 7,656,571 shares during the last quarter. Lazard Asset Management LLC raised its holdings in AMBEV S A/S by 6.9% in the 1st quarter. Lazard Asset Management LLC now owns 83,310,791 shares of the company’s stock valued at $358,235,000 after acquiring an additional 5,367,990 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in AMBEV S A/S in the 1st quarter valued at about $19,612,000. Hedge funds and other institutional investors own 7.32% of the company’s stock.

About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Analyst Recommendations for AMBEV S A/S (NYSE:ABEV)

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