Compañía Cervecerías Unidas (NYSE:CCU) PT Raised to $13.40

Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) had its target price lifted by The Goldman Sachs Group from $12.00 to $13.40 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on the stock. Bank of America upgraded shares of Compañía Cervecerías Unidas from an underperform rating to a buy rating in a report on Wednesday, March 1st. JPMorgan Chase & Co. raised shares of Compañía Cervecerías Unidas from a neutral rating to an overweight rating in a research note on Friday, January 20th. Finally, HSBC lowered shares of Compañía Cervecerías Unidas from a buy rating to a hold rating and decreased their price objective for the stock from $15.00 to $13.00 in a research note on Monday, November 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $13.47.

Compañía Cervecerías Unidas Stock Performance

NYSE:CCU opened at $15.20 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.08 and a quick ratio of 1.46. The firm has a 50-day moving average of $14.92 and a two-hundred day moving average of $12.56. The stock has a market cap of $2.81 billion, a P/E ratio of 20.82 and a beta of 0.79. Compañía Cervecerías Unidas has a 1-year low of $9.31 and a 1-year high of $16.60.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

Institutional investors have recently added to or reduced their stakes in the company. Ethic Inc. raised its stake in shares of Compañía Cervecerías Unidas by 31.6% during the third quarter. Ethic Inc. now owns 23,042 shares of the company’s stock worth $248,000 after buying an additional 5,528 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Compañía Cervecerías Unidas by 8.6% during the third quarter. Ameritas Advisory Services LLC now owns 35,496 shares of the company’s stock valued at $383,000 after purchasing an additional 2,797 shares during the period. Longfellow Investment Management Co. LLC grew its holdings in Compañía Cervecerías Unidas by 22.4% during the third quarter. Longfellow Investment Management Co. LLC now owns 44,223 shares of the company’s stock valued at $477,000 after purchasing an additional 8,085 shares during the period. Aigen Investment Management LP acquired a new position in Compañía Cervecerías Unidas during the third quarter valued at approximately $180,000. Finally, Marshall Wace LLP grew its holdings in Compañía Cervecerías Unidas by 114.4% during the third quarter. Marshall Wace LLP now owns 563,121 shares of the company’s stock valued at $6,069,000 after purchasing an additional 300,523 shares during the period. 18.43% of the stock is owned by institutional investors.

Compañía Cervecerías Unidas Company Profile

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Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.