Ambev S.A. ADR (ABEV) concluded trading on 12/27/23 at a closing price of $2.84, with 5.15 million shares of worth about $14.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.52% during that period and on Wednesday the price saw a gain of about 0.35%. Currently the company’s common shares owned by public are about 15.74B shares, out of which, 15.74B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the ABEV stock and their offered price forecasts bring an average price target of $16.51. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.70 and could fall to a lowest price of $14.00. The stock’s current price level is 17.68% above of average price target set by the analysts, while a rise to estimated low would result in gain of 79.71% for the stock. However, touching the estimated high of $18.70 would mean a gain of 84.81% for the stock.
Ambev S.A. ADR (NYSE: ABEV) started trading at $2.81, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 2.8500, or with a gain of 0.35%. Stock saw a price change of 0.36% in past 5 days and over the past one month there was a price change of 8.36%. Year-to-date (YTD), ABEV shares are showing a performance of 9.96% which increased to 6.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.28 but also hit the highest price of $3.07 during that period. The average intraday trading volume for Ambev S.A. ADR shares is 11.75 million. The stock is currently trading 3.98% above its 20-day simple moving average (SMA20), while that difference is up 9.51% for SMA50 and it goes to 5.50% higher than SMA200.
Ambev S.A. ADR (NYSE: ABEV) currently have 15.74B outstanding shares and institutions hold larger chunk of about 8.70% of that.
The stock has a current market capitalization of $44.71B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 15.18, while it has posted earnings per share of $0.19 in the same period. Its PEG reads 3.16 and has Quick Ratio of 0.79 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ABEV, volatility over the week remained 1.62% while standing at 1.87% over the month.
Analysts are in expectations that Ambev S.A. ADR (ABEV) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.05 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.93% while it is estimated to increase by 4.75% in next year. EPS is likely to grow at an annualized rate of 4.80% for next 5-years, compared to annual growth of 3.85% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Ambev S.A. ADR (ABEV)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.06. Out of those 18 Wall Street analysts, 8 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
