Ambev S.A. (NYSE: ABEV) is 0.33% higher on its value in year-to-date trading and has touched a low of $1.85 and a high of $4.58 in the current 52-week trading range. The ABEV stock was last observed hovering at around $3.07 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $3.48 for the next 12 months. It is also 32.44% off the consensus price target high of $4.50 offered by 14 analysts, but current levels are -21.6% lower than the price target low of $2.50 for the same period.
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Currently trading at $3.04, the stock is -0.03% and 9.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.28 million and changing -1.14% at the moment leaves the stock 23.02% off its SMA200. ABEV registered -31.95% loss for a year compared to 6-month gain of 12.13%. The firm has a 50-day simple moving average (SMA 50) of $2.9627 and a 200-day simple moving average (SMA200) of $2.6149.
The stock witnessed a 8.27% loss in the last 1 month and extending the period to 3 months gives it a 30.20%, and is -1.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.76% over the week and 2.91% over the month.
Current P/E ratio is 17.44 and Fwd P/E is 23.62. Distance from 52-week low is 63.94% and -33.73% from its 52-week high.
Ambev S.A. (ABEV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ambev S.A. (ABEV) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 3.20, where 5 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Ambev S.A. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $3.51B over the same period.The EPS is expected to shrink by -47.40% this year, but quarterly earnings will post -17.40% year-over-year. Quarterly sales are estimated to shrink -8.90% in year-over-year returns.
Ambev S.A. (ABEV) Top Institutional Holders
370 institutions hold shares in Ambev S.A. (ABEV), with institutional investors hold 8.61% of the company’s shares. The shares outstanding are 15.74B, and float is at 4.39B with Short Float at 1.55%. Institutions hold 8.61% of the Float.
The top institutional shareholder in the company is First Eagle Investment Management, LLC with over 216.29 million shares valued at $488.81 million. The investor’s holdings represent 16.86% of the ABEV Shares outstanding. As of Sep 29, 2020, the second largest holder is Harding Loevner LLC with 192.87 million shares valued at $435.9 million to account for 15.04% of the shares outstanding. The other top investors are Westwood Global Investments, LLC which holds 106.66 million shares representing 8.32% and valued at over $241.05 million, while Sprucegrove Investment Management Ltd holds 4.66% of the shares totaling 59.77 million with a market value of $135.09 million.
Ambev S.A. (ABEV): Who are the competitors?
The company’s main competitors (and peers) include The Boston Beer Company Inc. (SAM) that is trading 160.17% up over the past 12 months. Anheuser-Busch InBev SA/NV (BUD) is -11.98% down on the 1-year trading charts. Short interest in the company’s stock has risen 18.93% from the last report on Nov 12, 2020 to stand at a total of 55.07 million short shares sold with a short interest ratio of 2.87.