Goldman raised the price target for the Ambev S.A. (NYSE:ABEV) stock to “a Sell”. The rating was released on August 13, 2021. The research report from Itau BBA has downgraded the stock from Outperform to Market Perform, with a price target set at $3.60.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Ambev S.A. (NYSE:ABEV) dipped 0.00% to close Friday’s market session at $3.12, lower as compared to yesterday’s close. The stock price fluctuated between $3.06 and $3.135 throughout the trading session with the volume trading being 14533978 shares, which represented a significant variation when compared to the three months average volume of 25.54 million shares. The firm’s stock price fluctuated -3.11% within the last five trades and -8.24% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 11.83% in the last 6 months and -5.74% was subtracted to its value over the previous 3 months. ABEV stock is trading at a margin of -3.23%, -9.62% and 3.64% 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 -21.01 percent below its 52-week high and 50.33 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 27.97. 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 stock’s market cap achieved a total value of $49.11 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 17.83. 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 20.80. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.74 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.62, which equates the market value of a stock with its book value.