Ambev Receives 'Buy' Rating from StockNews.com Amidst Varied Analyst Opinions

In a recent evaluation of beverage giant Ambev ABEV, stock analysts at StockNews.com have elevated the company's stock from a ‘hold’ to a ‘buy’ rating. This upgrade was disclosed in a report issued to clients and investors on Friday. Ambev, headquartered in So Paulo, Brazil, is a key player in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, and other beverages, alongside malt and food items in the Americas.

In contrast to StockNews.com's positive outlook, TheStreet presented a more reserved perspective, downgrading Ambev's rating from a ‘b’ to a ‘c+.’ Despite this mixed sentiment, the consensus among four research analysts suggests a ‘buy’ rating, with an average target price of $3.74, as per MarketBeat.com data.

Ambev Stock Performance

On the trading floor, ABEV kicked off at $2.72 on Friday. The company has seen a 12-month low and high of $2.40 and $3.23, respectively. With a market capitalization standing at $42.84 billion, Ambev boasts a price-to-earnings ratio of 15.11, a PEG ratio of 3.33, and a beta of 1.12. Additionally, the stock’s 50-day and 200-day moving averages are $2.61 and $2.85, in that order. The firm also maintains a quick ratio of 0.79, a current ratio of 1.11, and a notably low debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Ambev

In recent movements, significant investors have adjusted their stakes in Ambev. LPLA, a San Diego-based firm offering brokerage and investment advisory services, enlarged its Ambev holdings by 8.9% during the second quarter, now owning 42,202 shares valued at $134,000. Also, Jeppson Wealth Management LLC augmented its stake by 14.4% in the first quarter, bringing its share count to 28,775, worth $81,000. Other notable investors, like Moors & Cabot Inc. and 1900 Wealth Management LLC, have similarly increased their holdings, while Peapack Gladstone Financial Corp PGC, part of Peapack-Gladstone Financial Corporation, amplified its position by 4.9% in the first quarter. Currently, institutional investors possess 8.37% of Ambev's stock.

Ambev Company Profile

Ambev SA operates through its subsidiaries offering a diverse range of beverages under notable brand names. These include Skol, Brahma, Antarctica, and international labels such as Budweiser, Corona, and Stella Artois, positioning itself as a powerhouse in the beverage sector.

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