Ambev S.A. ADR [ABEV] stock is trading at $2.69, up 1.13%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABEV shares have gain 3.46% over the last week, with a monthly amount glided 0.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ambev S.A. ADR [NYSE: ABEV] stock has seen the most recent analyst activity on December 08, 2023, when Morgan Stanley upgraded its rating to a Equal-Weight. On November 22, 2023, Jefferies initiated with a Hold rating. BofA Securities upgraded its rating to a Buy. Bernstein initiated its recommendation with a Outperform and recommended $3.74 as its price target on May 24, 2023. UBS upgraded its rating to Buy for this stock on January 12, 2023. In a note dated July 13, 2022, JP Morgan upgraded an Overweight rating on this stock.
Ambev S.A. ADR [ABEV] stock has fluctuated between $2.29 and $3.06 over the past year. Ambev S.A. ADR [NYSE: ABEV] shares were valued at $2.69 at the most recent close of the market.
Analyzing the ABEV fundamentals
Ambev S.A. ADR [NYSE:ABEV] reported sales of 16.25B for the trailing twelve months, which represents a growth of 6.03%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.17 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.66 points at the first support level, and at 2.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.72, and for the 2nd resistance point, it is at 2.75.
Ambev S.A. ADR [ABEV] reported earnings per share of $0.05 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.01 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.03 per share as compared to estimates of $0.03 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, Ambev S.A. ADR’s Current Ratio is 1.11. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 14.38.
