Ambev S.A. (ABEV) has risen sharply, recording gains of 1.38% in the past 4 weeks. However, the stock has corrected -5.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.15% and the fifty day Moving Average is 0.06%. Ambev S.A. is up 9.53% in the last three month period. Year-to-Date the stock performance stands at 31.39%.
Ambev S.A. (ABEV) : Average target price received by Ambev S.A. (ABEV) is $5.75 with an expected standard deviation of $0.92. The most aggressive target on the stock is $6, whereas the most downbeat target is $5. 2 financial analysts are currently covering the stock.
Ambev S.A. (NYSE:ABEV): On Fridays trading session , Opening price of the stock was $5.99 with an intraday high of $6.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.84. However, the stock managed to close at $5.86, a loss of 1.68% for the day. On the previous day, the stock had closed at $5.96. The total traded volume of the day was 24,226,450 shares.
Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector. Ambev produces, distributes and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products across the Americas. The Company conducts its operations through three business units: Latin America North includes its operations in Brazil, where Ambev operates two divisions: beer sales (Beer Brazil) and carbonated soft drinks and non-alcoholic non-carbonated sales (CSD & NANC Brazil), and its Hispanic Latin America Operations, Excluding Latin America South (HILA-Ex), which includes its operations in the Dominican Republic, Venezuela, Ecuador, Guatemala (which also serves El Salvador and Nicaragua) and Peru; Latin America South includes its operations in Argentina, Bolivia, Paraguay, Uruguay and Chile, and Canada, among others.