Compania Cervecerias Unidas (NYSE:CCU) Price Target Raised to $14.00 at JPMorgan Chase & Co.

Compania Cervecerias Unidas (NYSE:CCU) had its price target hoisted by JPMorgan Chase & Co. from $10.00 to $14.00 in a report released on Monday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Zacks Research cut shares of Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of $12.00.

Compania Cervecerias Unidas Trading Down 1.2%

Shares of Compania Cervecerias Unidas stock opened at $14.50 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.06 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $13.53 and its 200-day simple moving average is $12.70. The stock has a market cap of $2.68 billion, a P/E ratio of 18.82, a P/E/G ratio of 4.08 and a beta of 0.49. Compania Cervecerias Unidas has a 1-year low of $11.35 and a 1-year high of $15.75.

Compania Cervecerias Unidas (NYSE:CCU) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The company had revenue of $684.82 million for the quarter, compared to analysts’ expectations of $783.08 million. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%. Analysts predict that Compania Cervecerias Unidas will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in shares of Compania Cervecerias Unidas by 130.1% during the 2nd quarter. Acadian Asset Management LLC now owns 487,149 shares of the company’s stock worth $6,285,000 after purchasing an additional 275,435 shares during the period. MQS Management LLC purchased a new stake in Compania Cervecerias Unidas in the second quarter valued at approximately $223,000. Envestnet Asset Management Inc. lifted its stake in Compania Cervecerias Unidas by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 78,043 shares of the company’s stock worth $1,008,000 after purchasing an additional 5,017 shares in the last quarter. Savant Capital LLC acquired a new position in Compania Cervecerias Unidas during the second quarter worth $165,000. Finally, R Squared Ltd boosted its position in shares of Compania Cervecerias Unidas by 49.5% during the second quarter. R Squared Ltd now owns 29,605 shares of the company’s stock worth $382,000 after buying an additional 9,796 shares during the period. Institutional investors and hedge funds own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.