Evercore ISI Maintains a Buy Rating on Ambev S.A. (ABEV), Sets a $4 PT

Ambev S.A. (NYSE:ABEV) is one of the best undervalued defensive stocks to buy according to analysts. In a report released on August 1, Robert Ottenstein from Evercore ISI maintained a Buy rating on Ambev S.A. (NYSE:ABEV), setting a price target of $4.00.

The rating update came after Ambev S.A. (NYSE:ABEV) reported its fiscal Q2 2025 results on July 31, with net revenue (organic) growth of 3.4% and top-line performance driven by net revenue per hectoliter (NR/hl) growth of 8.4%.

Normalized profit for the quarter rose 15.2% to R$2.8327 billion compared to R$2.4591 billion in fiscal Q2 2024. This growth was attributed to lower income tax expenses and EBITDA growth, particularly offset by higher net financial results.

Normalized EBITDA (organic) grew by 7.6% with all of the company’s reporting segments delivering EBITDA growth.

Ambev S.A. (NYSE:ABEV) produces, distributes, and sells beverages. Its offerings include carbonated soft drinks, beer, and other non-alcoholic and non-carbonated products. The company’s operations are divided into the following geographical segments: Brazil, Central America and the Caribbean (CAC), and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.