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

Compania Cervecerias Unidas, S.A. (NYSE:CCU) has earned an average recommendation of “Reduce” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.00.

Several brokerages have weighed in on CCU. Zacks Research upgraded Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday.

Compania Cervecerias Unidas Stock Down 3.8%

Shares of NYSE:CCU opened at $14.26 on Monday. The stock’s 50-day moving average price is $13.58 and its 200-day moving average price is $12.73. Compania Cervecerias Unidas has a 12-month low of $11.35 and a 12-month high of $15.75. The stock has a market capitalization of $2.63 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 4.12 and a beta of 0.49. The company has a current ratio of 2.06, a quick ratio of 1.38 and a debt-to-equity ratio of 0.69.

Compania Cervecerias Unidas (NYSE:CCU) last released its earnings results on Wednesday, November 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Compania Cervecerias Unidas had a net margin of 4.48% and a return on equity of 8.18%. The company had revenue of $684.82 million during the quarter, compared to the consensus estimate of $783.08 million. On average, equities analysts anticipate that Compania Cervecerias Unidas will post 0.68 earnings per share for the current year.

Institutional Trading of Compania Cervecerias Unidas

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted 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 buying an additional 275,435 shares during the period. MQS Management LLC purchased a new position in shares of Compania Cervecerias Unidas during the second quarter valued at approximately $223,000. Envestnet Asset Management Inc. raised its holdings in shares of Compania Cervecerias Unidas by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 78,043 shares of the company’s stock valued at $1,008,000 after acquiring an additional 5,017 shares in the last quarter. Savant Capital LLC purchased a new stake in Compania Cervecerias Unidas in the second quarter worth $165,000. Finally, Blue Trust Inc. lifted its stake in Compania Cervecerias Unidas by 4.3% in the second quarter. Blue Trust Inc. now owns 25,295 shares of the company’s stock worth $327,000 after acquiring an additional 1,043 shares during the period. 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.