In a report released yesterday, Benjamin Theurer from Barclays maintained a Buy rating on Ambev SA (ABEV – Research Report), with a price target of $3.50. The company’s shares closed yesterday at $2.95.
Theurer covers the Consumer Defensive sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Beyond Meat, and Ambev SA. According to TipRanks, Theurer has an average return of 7.9% and a 60.10% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ambev SA with a $3.58 average price target.
See today’s best-performing stocks on TipRanks >>
ABEV market cap is currently $46.85B and has a P/E ratio of 16.85.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ambev S.A. is a Brazilian brewing company that engages in production, distribution and selling of beer, carbonated soft drinks and other non-alcoholic and non-carbonated products. The company primarily operates in the Americas.
Read More on ABEV:
