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Will Ambev S.A. (ABEV) benefit from Wall Street bulls Calls?

Ambev S.A. (NYSE: ABEV) is -12.75% lower on its value in year-to-date trading and has touched a low of $1.85 and a high of $3.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABEV stock was last observed hovering at around $2.74 in the last trading session, with the day’s loss setting it -0.07% off its average median price target of $3.50 for the next 12 months. It is also 40.67% off the consensus price target high of $4.50 offered by 11 analysts, but current levels are -6.8% lower than the price target low of $2.50 for the same period.

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Currently trading at $2.67, the stock is -2.04% and -3.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.99 million and changing -2.55% at the moment leaves the stock 1.56% off its SMA200. ABEV registered 21.79% gain for a year compared to 6-month gain of 21.25%. The firm has a 50-day simple moving average (SMA 50) of $2.7100 and a 200-day simple moving average (SMA200) of $2.7261.

The stock witnessed a 4.71% loss in the last 1 month and extending the period to 3 months gives it a -12.46%, and is -0.37% 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 3.05% over the week and 3.35% over the month.

Ambev S.A. (ABEV) has around 50000 employees, a market worth around $42.02B and $10.09B in sales. Current P/E ratio is 21.53 and Fwd P/E is 22.25. Distance from 52-week low is 44.22% and -16.56% 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”. 11 analysts offering their recommendations for the stock have an average rating of 3.20, where 3 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 07/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $3.31B over the same period.The EPS is expected to shrink by -42.10% this year, but quarterly earnings will post -22.40% year-over-year. Quarterly sales are estimated to shrink -14.00% in year-over-year returns.

Ambev S.A. (ABEV) Top Institutional Holders

374 institutions hold shares in Ambev S.A. (ABEV), with institutional investors hold 8.83% of the company’s shares. The shares outstanding are 15.74B, and float is at 4.40B with Short Float at 2.11%. Institutions hold 8.83% of the Float.

The top institutional shareholder in the company is First Eagle Investment Management, LLC with over 218.88 million shares valued at $669.76 million. The investor’s holdings represent 1.39% of the ABEV Shares outstanding. As of Dec 30, 2020, the second largest holder is Harding Loevner LLC with 160.81 million shares valued at $492.08 million to account for 1.02% of the shares outstanding. The other top investors are Westwood Global Investments, LLC which holds 105.62 million shares representing 0.67% and valued at over $323.21 million, while Sprucegrove Investment Management Ltd holds 0.64% of the shares totaling 101.2 million with a market value of $309.67 million.

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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 225.11% up over the past 12 months. Anheuser-Busch InBev SA/NV (BUD) is 48.18% up on the 1-year trading charts. Short interest in the company’s stock has risen 29.75% from the last report on Feb 11, 2021 to stand at a total of 65.15 million short shares sold with a short interest ratio of 3.07.

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