Ambev S.A. (NYSE:ABEV) has a beta value of 0 and has seen 3,510,545 shares traded in the recent trading session. The company, currently valued at $38.64 Billion, closed the recent trade at $2.45 per share which meant it lost -$0.03 on the day or -1.01% during that session. The ABEV stock price is -96.33% off its 52-week high price of $4.81 and 22.45% above the 52-week low of $1.9. If we look at the company’s 10-day average daily trading volume, we find that it stood at 33.96 Million shares traded. The 3-month trading volume is 37.11 Million shares.
The consensus among analysts is that Ambev S.A. (ABEV) is a Hold stock at the moment, with a recommendation rating of 3. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 14 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.02.
Ambev S.A. (NYSE:ABEV) trade information
Despite being -1.01% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Aug 11 when the ABEV stock price touched $2.53-2 or saw a rise of 2.77%. Year-to-date, Ambev S.A. shares have moved -47.21%, while the 5-day performance has seen it change -1.2%. Over the past 30 days, the shares of Ambev S.A. (NYSE:ABEV) have changed -13.07%. Short interest in the company has seen 53.75 Million shares shorted with days to cover at 1.45.
Wall Street analysts have a consensus price target for the stock at $3.23, which means that the shares’ value could jump 31.84% from current levels. The projected low price target is $2.5 while the price target rests at a high of $4.5. In that case, then, we find that the current price level is +83.67% off the targeted high while a plunge would see the stock lose 2.04% from current levels.
Ambev S.A. (ABEV) estimates and forecasts
Figures show that Ambev S.A. shares have underperformed across the wider relevant industry. The company’s shares have lost -34.91% over the past 6 months, with this year growth rate of -47.37%, compared to -3.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -50% and -42.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -23.6%.
2 analysts offering their estimates for the company have set an average revenue estimate of $2.27 Billion for the current quarter. 2 have an estimated revenue figure of $3.21 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $3.01 Billion and $3.85 Billion respectively for this quarter and the next, and analysts expect sales will grow by -24.7% for the current quarter and -16.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +39.83% over the past 5 years. Earnings growth for 2020 is a modest -47.4% while over the next 5 years, the company’s earnings are expected to increase by -8.2%.
Ambev S.A. is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.12 at a share yield of 4.87%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.46%.
Ambev S.A. (NYSE:ABEV)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 8.3% with a share float percentage of 8.3%. Investors are also buoyed by the number of investors in a company, with Ambev S.A. having a total of 424 institutions that hold shares in the company. The top two institutional holders are First Eagle Investment Management, LLC with over 209.03 Million shares worth more than $551.85 Million. As of June 29, 2020, First Eagle Investment Management, LLC held 16.3% of shares outstanding.
The other major institutional holder is Harding Loevner LLC, with the holding of over 204.12 Million shares as of March 30, 2020. The firm’s total holdings are worth over $469.49 Million and represent 15.92% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Eagle Global Fund and Harding, Loevner Funds, Inc-International Equity Portfolio. As of April 29, 2020, the former fund manager holds about 7.34% shares in the company for having 94135533 shares of worth $202.39 Million while later fund manager owns 77.29 Million shares of worth $166.17 Million as of April 29, 2020, which makes it owner of about 6.03% of company’s outstanding stock.