Compania Cervecerias Unidas, S.A. (NYSE:CCU) Receives $12.00 Average PT from Brokerages

Compania Cervecerias Unidas, S.A. (NYSE:CCU) has been given an average recommendation of “Reduce” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.00.

Several equities research analysts recently issued reports on CCU shares. JPMorgan Chase & Co. lifted their price objective on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Zacks Research upgraded Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th.

Compania Cervecerias Unidas Stock Down 1.0%

Shares of Compania Cervecerias Unidas stock opened at $13.35 on Friday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 3.85 and a beta of 0.50. The stock has a 50-day simple moving average of $13.98 and a 200-day simple moving average of $13.00. Compania Cervecerias Unidas has a 52-week low of $11.35 and a 52-week high of $15.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.90 and a quick ratio of 1.38.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.09). The business had revenue of $963.83 million for the quarter, compared to the consensus estimate of $904.78 million. Compania Cervecerias Unidas had a net margin of 4.03% and a return on equity of 7.20%. On average, equities research analysts expect that Compania Cervecerias Unidas will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in Compania Cervecerias Unidas by 130.1% in the 2nd quarter. Acadian Asset Management LLC now owns 487,149 shares of the company’s stock worth $6,285,000 after acquiring an additional 275,435 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Compania Cervecerias Unidas by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 78,043 shares of the company’s stock valued at $1,008,000 after purchasing an additional 5,017 shares during the last quarter. Savant Capital LLC bought a new position in shares of Compania Cervecerias Unidas in the second quarter worth about $165,000. Parallel Advisors LLC lifted its position in shares of Compania Cervecerias Unidas by 69.1% during the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after purchasing an additional 1,045 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock worth $42,000 after purchasing an additional 2,994 shares during the last quarter. 24.07% of the stock is owned by institutional investors.

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.