The stock of Ambev SA (ADR) (NYSE:ABEV) is a huge mover today! About 2.67 million shares traded hands. Ambev SA (ADR) (NYSE:ABEV) has declined 7.46% since April 25, 2016 and is downtrending. It has underperformed by 13.48% the S&P500.
The move comes after 5 months positive chart setup for the $77.96 billion company. It was reported on Nov, 28 by Barchart.com. We have $5.25 PT which if reached, will make NYSE:ABEV worth $3.12 billion more.
Analysts await Ambev SA (ADR) (NYSE:ABEV) to report earnings on February, 23. They expect $0.08 earnings per share, up 14.29% or $0.01 from last year’s $0.07 per share. ABEV’s profit will be $1.24 billion for 15.78 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by Ambev SA (ADR) for the previous quarter, Wall Street now forecasts 33.33% EPS growth.
Ambev SA (ADR) (NYSE:ABEV) Ratings Coverage
Out of 4 analysts covering AmBev SA (NYSE:ABEV), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. AmBev SA has been the topic of 5 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock of Ambev SA (ADR) (NYSE:ABEV) has “Equal-Weight” rating given on Thursday, August 18 by Morgan Stanley. JP Morgan upgraded the stock to “Overweight” rating in Thursday, November 10 report. Barclays Capital reinitiated Ambev SA (ADR) (NYSE:ABEV) on Thursday, November 3 with “Equal Weight” rating. Goldman Sachs maintained Ambev SA (ADR) (NYSE:ABEV) on Monday, October 10 with “Buy” rating.
According to Zacks Investment Research, “Companhia de Bebidas das Americas (AmBev), based in SÃ£o Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. AmBev conducts its operations through three business units: Latin America North, Latin America South and Canada. Latin America North includes its operations in Brazil, where it operates two divisions: beer sales and carbonated soft drinks and non-alcoholic non-carbonated sales; and its operations in its Hispanic Latin America Operations, excluding Latin America South, operations. Latin America South includes its Quinsa operations in the countries of Argentina, Bolivia, Paraguay, Uruguay and Chile. Canada, represented by Labatt, includes domestic sales in Canada.”
More news for Ambev SA (ADR) (NYSE:ABEV) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on November 13, 2013. Marketwatch.com‘s article titled: “Plus the latest data from Realtor.com on 21 home markets across the US” and published on November 20, 2013 is yet another important article.
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