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Positives for Ambev S.A. (ABEV) as stock gains in recent trading

Ambev S.A. (NYSE: ABEV) is -5.51% lower on its value in year-to-date trading and has touched a low of $2.42 and a high of $3.32 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 $2.60 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $3.40 for the next 12 months. It is also 48.6% off the consensus price target high of $5.00 offered by 17 analysts, but current levels are -7.08% lower than the price target low of $2.40 for the same period.

Currently trading at $2.57, the stock is -4.87% and -9.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.98 million and changing -1.15% at the moment leaves the stock -9.83% off its SMA200. ABEV registered -3.02% loss for a year compared to 6-month gain of -1.53%.

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The stock witnessed a -6.88% loss in the last 1 month and extending the period to 3 months gives it a -9.19%, and is -5.17% 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 2.81% over the week and 2.51% over the month.

Ambev S.A. (ABEV) has around 53000 employees, a market worth around $41.04B and $15.27B in sales. Current P/E ratio is 16.06 and Fwd P/E is 19.77. Profit margin for the company is 16.60%. Distance from 52-week low is 6.20% and -22.47% from its 52-week high. The company has generated returns on investments over the last 12 months (20.10%).

Ambev S.A. (ABEV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ambev S.A. (ABEV) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.50, where 4 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Ambev S.A. is expected to release its quarterly report on 05/10/2023.The EPS is expected to grow by 11.40% this year.

Ambev S.A. (ABEV) Top Institutional Holders

The shares outstanding are 15.74B, and float is at 4.41B with Short Float at 0.67%.

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 -19.61% down over the past 12 months. Anheuser-Busch InBev SA/NV (BUD) is -9.59% down on the 1-year trading charts.

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