Is Buying Ambev SA (ADR) (ABEV) Here a Winning Strategy?

September 17, 2017 - By Migdalia James

The stock of Ambev SA (ADR) (NYSE:ABEV) hit a new 52-week high and has $7.08 target or 4.00 % above today’s $6.81 share price. The 5 months bullish chart indicates low risk for the $107.04 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $7.08 price target is reached, the company will be worth $4.28B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.96% or $0.07 on September 15, reaching $6.81. About 27.23M shares traded or 76.13% up from the average. Ambev SA (ADR) (NYSE:ABEV) has risen 10.52% since September 17, 2016 and is uptrending. It has underperformed by 6.18% the S&P500.

Analysts expect Ambev SA (ADR) (NYSE:ABEV) to report $0.06 EPS on October, 26 before the open.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.06 EPS. ABEV’s profit would be $943.08M giving it 28.38 P/E if the $0.06 EPS is correct. After having $0.04 EPS previously, Ambev SA (ADR)’s analysts see 50.00 % EPS growth.

Ambev SA (ADR) (NYSE:ABEV) Ratings Coverage

Among 5 analysts covering AmBev SA (NYSE:ABEV), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. AmBev SA has $6.80 highest and $4.90 lowest target. $6.03’s average target is -11.45% below currents $6.81 stock price. AmBev SA had 7 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Ambev SA (ADR) (NYSE:ABEV) earned “Buy” rating by Goldman Sachs on Monday, October 10. As per Thursday, August 18, the company rating was downgraded by Morgan Stanley. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, September 12 report. As per Thursday, November 10, the company rating was upgraded by JP Morgan. The rating was reinitiated by Barclays Capital on Thursday, November 3 with “Equal Weight”. On Friday, July 28 the stock rating was maintained by Barclays Capital with “Hold”.

More news for Ambev SA (ADR) (NYSE:ABEV) were recently published by: Investorplace.com, which released: “Ambev SA (ADR) (ABEV) Stock: Invest Without the Froth” on July 12, 2017. Gurufocus.com‘s article titled: “Seeking Value in Brazil: Ambev” and published on May 28, 2017 is yet another important article.

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil firm engaged in the brewing sector. The company has market cap of $107.04 billion. The Firm produces and sells beer, carbonated soft drinks and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. It has a 8.51 P/E ratio. The Company’s activities are divided into three divisions: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as activities in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

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