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Barclays Keeps Their Hold Rating on Ambev SA (ABEV)

Tipranks - Sat Apr 11, 1:28AM CDT

In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Ambev SA, with a price target of $3.00.

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Theurer covers the Consumer Defensive sector, focusing on stocks such as Archer Daniels Midland, Bunge Global, and Ingredion. According to TipRanks, Theurer has an average return of 4.9% and a 52.42% success rate on recommended stocks.

Currently, the analyst consensus on Ambev SA is a Hold with an average price target of $3.12.

Based on Ambev SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $24.81 billion and a net profit of $4.35 billion. In comparison, last year the company earned a revenue of $27.04 billion and had a net profit of $4.88 billion

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