Compania Cervecerias Unidas, S.A. (NYSE:CCU) Receives $12.00 Consensus Price Target from Brokerages

Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) have been given an average recommendation of “Reduce” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.00.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Arax Advisory Partners boosted its holdings in Compania Cervecerias Unidas by 917.9% in the fourth quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock worth $29,000 after acquiring an additional 2,047 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Compania Cervecerias Unidas by 69.1% in the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock valued at $33,000 after purchasing an additional 1,045 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Compania Cervecerias Unidas by 1,252.7% in 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 in the last quarter. First Horizon Corp acquired a new stake in Compania Cervecerias Unidas in the 3rd quarter worth approximately $60,000. Finally, Rhumbline Advisers grew its position in Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after purchasing an additional 822 shares during the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

Compania Cervecerias Unidas Price Performance

Shares of CCU stock opened at $10.75 on Tuesday. Compania Cervecerias Unidas has a 1-year low of $10.71 and a 1-year high of $15.75. The stock’s 50-day moving average is $13.40 and its 200 day moving average is $12.91. The company has a market cap of $1.99 billion, a P/E ratio of 16.04, a PEG ratio of 3.17 and a beta of 0.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.90 and a quick ratio of 1.34.

Compania Cervecerias Unidas (NYSE:CCU) last announced its earnings results on Friday, February 27th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $904.78 million. Compania Cervecerias Unidas had a return on equity of 7.20% and a net margin of 4.03%. Research analysts predict that Compania Cervecerias Unidas will post 0.68 earnings per share for the current fiscal year.

Compania Cervecerias Unidas Company Profile

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.