Ambev S.A. (ABEV) Receives Price Target

Ambev S.A. (ABEV) : Currently there are 2 street experts covering Ambev S.A. (ABEV) stock. The most bullish and bearish price target for the stock is $6 and $5 respectively for the short term. The average price target of all the analysts comes to $5.75. The estimated standard deviation from the target is $0.92.

Ambev S.A. (ABEV) : 1 analysts are covering Ambev S.A. (ABEV) and their average rating on the stock is 3, which is read as a Hold. 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.


Also, Morgan Stanley downgrades its rating on Ambev S.A. (NYSE:ABEV). The global brokerage major raises the current price target from $6 per share to $6.4 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 18, 2016.

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 $5.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.09, notching a gain of 2.70% for the day. The total traded volume was 29,564,652 . The stock had closed at $5.93 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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