Ambev S.A. (ABEV) : 2 analysts are covering Ambev S.A. (ABEV) and their average rating on the stock is 2.25, which is read as a Buy. Ambev S.A. (ABEV) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ambev S.A. (ABEV) : Average target price received by Ambev S.A. (ABEV) is $5.37 with an expected standard deviation of $0.55. The most aggressive target on the stock is $6, whereas the most downbeat target is $5. 3 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, JP Morgan downgrades its view on Ambev S.A. (NYSE:ABEV) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. JP Morgan lowers the price target from $5.1 per share to $5 per share on Ambev S.A.. The rating by the firm was issued on May 5, 2016.
Ambev S.A. (NYSE:ABEV): The stock opened at $5.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.76 for the day. The stock traded down to $5.66 during the day, due to lack of any buying support eventually closed down at $5.73 with a loss of -0.35% for the day. The stock had closed at $5.75 on the previous day. The total traded volume was 29,298,190 shares.
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.