Ambev (NYSE:ABEV) Reaches New 1-Year Low at $2.24

Ambev S.A. (NYSE:ABEV)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $2.24 and last traded at $2.27, with a volume of 672608 shares trading hands. The stock had previously closed at $2.26.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on Ambev in a report on Friday, January 26th. They issued a “buy” rating for the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Ambev in a research note on Friday, March 1st. Finally, Barclays downgraded shares of Ambev from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $3.50 to $3.00 in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Ambev Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.89. The company has a market cap of $35.75 billion, a P/E ratio of 12.53, a P/E/G ratio of 2.28 and a beta of 1.08. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.63.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Ambev had a return on equity of 17.60% and a net margin of 18.19%. The firm had revenue of $4.04 billion for the quarter. Research analysts expect that Ambev S.A. will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of Ambev

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its holdings in shares of Ambev by 1.0% in the fourth quarter. First Eagle Investment Management LLC now owns 312,980,037 shares of the company’s stock valued at $876,344,000 after buying an additional 2,955,528 shares in the last quarter. Westwood Global Investments LLC raised its position in shares of Ambev by 3.1% during the third quarter. Westwood Global Investments LLC now owns 107,182,643 shares of the company’s stock worth $276,531,000 after purchasing an additional 3,229,411 shares during the period. Perpetual Ltd lifted its holdings in shares of Ambev by 10.1% during the first quarter. Perpetual Ltd now owns 65,003,922 shares of the company’s stock valued at $161,210,000 after purchasing an additional 5,943,974 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ambev by 8.1% in the 2nd quarter. BlackRock Inc. now owns 58,604,106 shares of the company’s stock valued at $186,361,000 after purchasing an additional 4,368,652 shares during the period. Finally, Ruffer LLP increased its stake in Ambev by 12.4% in the 4th quarter. Ruffer LLP now owns 51,517,699 shares of the company’s stock worth $144,494,000 after purchasing an additional 5,699,184 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Company Profile

Ambev SA, 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.