Short Term Price Target on Ambev S.A. (ABEV)

Ambev S.A. (NYSE:ABEV) : Currently there are 4 street experts covering Ambev S.A. (NYSE:ABEV) stock. The most bullish and bearish price target for the stock is $7 and $5 respectively for the short term. The average price target of all the analysts comes to $5.78. The estimated standard deviation from the target is $0.93.

Shares of Ambev S.A. rose by 6.68% in the last five trading days and 9.85% for the last 4 weeks. Ambev S.A. is up 12.79% in the last 3-month period. Year-to-Date the stock performance stands at 32.51%. Also, Equity Analysts at the JP Morgan downgrades the rating on Ambev S.A. (NYSE:ABEV). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency lowers the price target from $5.1 per share to $5 per share. The rating by the firm was issued on May 5, 2016.

Ambev S.A. (NYSE:ABEV) : The consensus on Ambev S.A. (NYSE:ABEV) based on 2 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ambev S.A. (NYSE:ABEV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.86 and $5.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.91, notching a gain of 1.20% for the day. The total traded volume was 9,669,247 . The stock had closed at $5.84 on the previous day.

Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector. Ambev produces, distributes and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products across the Americas. The Company conducts its operations through three business units: Latin America North includes its operations in Brazil, where Ambev operates two divisions: beer sales (Beer Brazil) and carbonated soft drinks and non-alcoholic non-carbonated sales (CSD & NANC Brazil), and its Hispanic Latin America Operations, Excluding Latin America South (HILA-Ex), which includes its operations in the Dominican Republic, Venezuela, Ecuador, Guatemala (which also serves El Salvador and Nicaragua) and Peru; Latin America South includes its operations in Argentina, Bolivia, Paraguay, Uruguay and Chile, and Canada, among others.

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