Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day down 0.2%. By the end of trading, Companhia de Bebidas das Americas Ambev rose $0.87 (2.4%) to $36.79 on heavy volume. Throughout the day, 4,310,261 shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 2,667,100 shares. The stock ranged in a price between $36.52-$37.19 after having opened the day at $36.69 as compared to the previous trading day's close of $35.92. Other companies within the Food & Beverage industry that increased today were:
), up 8.4%,
), up 6.3%,
), up 5.4% and
), up 4.6%.
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Companhia de Bebidas das Americas Ambev produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. It provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, and ready-to-drink teas. Companhia de Bebidas das Americas Ambev has a market cap of $112.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 103.6, above the S&P 500 P/E ratio of 17.7. Shares are down 14.5% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Companhia de Bebidas das Americas Ambev
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Companhia de Bebidas das Americas Ambev Ratings Report.
On the negative front,
), down 6.7%,
), down 5.2%,
), down 4.4% and
), down 3.9% , were all laggards within the food & beverage industry with
) being today's food & beverage industry laggard.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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