Ambev SA (ADR) (NYSE:ABEV) plunged -11.72% during previous trade, a total of 79.77M shares exchanged hands compared with its average trading volume of 25.71M shares whereas its relative volume is 3.78. The stock has a market capitalization of $97.92B along with 15.70B outstanding shares. Stock’s intraday price range hit the peak level of $6 and touched the lowest level of $5.49.
Most recently Ambev SA (ADR) (NYSE:ABEV)’s price target was revised on 5/08/17 and according to 7 analysts stock’s price will reach at $6.20 during 52 weeks with standard deviation of 0.19. Stock’s minimum price target estimates has been figured out at $5.89 while the maximum price target forecast is established at $7, if we look at the price target with an optimistic approach it has upside potential of 17% from its latest closing price of $5.50.
Historically, if we look at price target revisions, two weeks ago Ambev SA (ADR) (NYSE:ABEV)’s price target was revised on 4/25/17 by the analysts, however the bullish price estimates of the stock set at $6.40 while the bearish estimates kept at $5.70 over the next one year. Stock’s 52-week target was retained at $6, the estimates indicates a standard deviation of 0.29.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.50. ABR value is precisely based on brokerage recommendations, where out of 4 brokerage recommendations 1 rate Ambev SA (ADR) (NYSE:ABEV) stock a Strong Buy, 0 rate the stocks of the company a Buy, 3 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 11/10/16 the stock of Ambev SA (ADR) (NYSE:ABEV) upgraded by JP Morgan from Neutral to Overweight. However previously on 8/18/16 it was downgraded by Morgan Stanley from Overweight to Equal-Weight. A research note issued on 5/5/16 the stock was downgraded by JP Morgan from Overweight to Neutral.
Ambev SA (ADR) (NYSE:ABEV) performance over the past one year soared 7% whereas its year to date (YTD) performance indicated a bullish trend of 12.02%. During the last six months the stock climbed 6.59%. Quarterly performance of the company shows declining momentum of -5.34% while its last one month trend is negative with -3.68%. Stock’s weekly performance expressed down trend of -10.57%.
The company’s price sits -4.17% below from its 50-day moving average of $5.83 and -2.42% away from the stock’s 200-day moving average which is $5.44. Ambev SA (ADR) (NYSE:ABEV)’s shares are currently trading -13.79% away from the 52-week high price of $6.38 and +17.02% far from the 52-week low price of $4.70.
According to consensus agreement of 3 analysts Ambev SA (ADR) (NYSE:ABEV) will report earnings per share of $0.04 in their quarterly report and it is expected to announce the company’s results on 8/4/17. For the current quarter the company has high EPS estimates of $0.04 in contradiction of low EPS estimates of $0.04. However a year ago for the same quarter the company has reported $0.04 EPS. Current year EPS projections for Ambev SA (ADR) (NYSE:ABEV) set at $0.23 according to the sentiments of 6 analysts, while its lowest earnings estimates are $0.2 and highest earnings estimates are $0.24.
According to 1 analyst, Ambev SA (ADR) (NYSE:ABEV)’s revenue estimates for the current quarter are $3.29B meanwhile the company has high revenue estimates of $3.29B in contradiction of low revenue estimates of $3.29B. For the current year the company’s revenue estimates are $14.99B compared to low analyst estimates of $14.71B and high estimates of $15.12B according to the projection of 5 analysts.