Compañía Cervecerías Unidas (NYSE:CCU) Downgraded to “Buy” at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCUGet Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Separately, Bank of America lowered Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and upped their target price for the company from $12.60 to $13.70 in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of “Hold” and an average target price of $14.21.

Read Our Latest Stock Analysis on CCU

Compañía Cervecerías Unidas Trading Up 4.6 %

Shares of CCU opened at $12.10 on Thursday. The stock’s 50-day moving average is $12.24 and its two-hundred day moving average is $12.12. Compañía Cervecerías Unidas has a 12 month low of $10.82 and a 12 month high of $17.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.81 and a current ratio of 2.48.

Compañía Cervecerías Unidas (NYSE:CCUGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.30 EPS for the quarter. The business had revenue of $796.75 million for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. During the same quarter last year, the firm posted $0.38 EPS. On average, research analysts anticipate that Compañía Cervecerías Unidas will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Compañía Cervecerías Unidas

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of Compañía Cervecerías Unidas by 5.1% in the third quarter. Wellington Management Group LLP now owns 510,194 shares of the company’s stock worth $6,428,000 after acquiring an additional 24,908 shares during the last quarter. Naples Global Advisors LLC increased its stake in shares of Compañía Cervecerías Unidas by 78.1% in the fourth quarter. Naples Global Advisors LLC now owns 30,095 shares of the company’s stock worth $377,000 after acquiring an additional 13,200 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Compañía Cervecerías Unidas by 29.9% in the fourth quarter. Blue Trust Inc. now owns 13,416 shares of the company’s stock worth $169,000 after acquiring an additional 3,089 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Compañía Cervecerías Unidas by 6.6% in the fourth quarter. Baillie Gifford & Co. now owns 339,096 shares of the company’s stock worth $4,252,000 after acquiring an additional 20,882 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Compañía Cervecerías Unidas by 42.4% in the fourth quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock worth $44,000 after acquiring an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

About Compañía Cervecerías Unidas

(Get Free Report)

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.

Further Reading

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