Valuation estimates indicate significant upside for Ambev S.A. (ABEV)

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Citigroup raised the price target for the Ambev S.A. (NYSE:ABEV) stock from “a Neutral” to “a Buy”. The rating was released on November 03, 2020. We previously noted in another research note published on July 31, 2020 by JP Morgan that upgraded the stock from an Underweight to a Neutral for ABEV stock. The research report from JP Morgan has downgraded the stock from Neutral to Underweight. The stock was downgraded by HSBC Securities, who disclosed in a research note on February 25, 2020, from Hold to Reduce. In their research brief published December 03, 2019, Barclays analysts downgraded the Ambev S.A. stock from Equal Weight to Underweight.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.03 during the last quarter as opposed to a consensus estimate of $0.02, which indicates the company beat its estimate by $0.01, which implies that the company surprised the market by 50.00%. It appears that the average earnings per share estimate for the current quarter (ending in Dec 2020) is $0.05. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is $0.08 and the low earnings per share estimate is $0.04. According to 3 analyst estimates, an average revenue estimate of $3.36B is projected for the current quarter with a high revenue estimate of $3.43B and a low estimate of $3.26B.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Ambev S.A. (NYSE:ABEV) dipped -3.61% to close Wednesday’s market session at $2.67, lower as compared to yesterday’s close. The stock price fluctuated between $2.6516 and $2.78 throughout the trading session with the volume trading being 17252797 shares, which represented a significant variation when compared to the three months average volume of 24.81 million shares. The firm’s stock price fluctuated -4.30% within the last five trades and -3.26% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.11% in the last 6 months and -12.17% was subtracted to its value over the previous 3 months. ABEV stock is trading at a margin of -0.69%, -5.23% and 1.55% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, ABEV deals in the Consumer Defensive domain. The stock is trading -16.56 percent below its 52-week high and 44.22 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 5.07. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Ambev S.A.’s Profitability and Valuation Ratios Tell Us About the Stock?

The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $42.01 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ambev S.A. (NYSE:ABEV) is 15.17. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 22.25. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The firm managed a Price-to-Book ratio of 2.71, which equates the market value of a stock with its book value.

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