Compañía Cervecerías Unidas S.A. (NYSE:CCU) Receives $12.88 Average Price Target from Brokerages

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have been assigned an average rating of “Reduce” from the five brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.88.

Several equities research analysts have weighed in on the company. The Goldman Sachs Group downgraded Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $12.90 to $10.50 in a report on Monday, August 26th. JPMorgan Chase & Co. cut shares of Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $21.00 to $10.00 in a research note on Thursday, August 8th. Finally, StockNews.com upgraded shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

Institutional Trading of Compañía Cervecerías Unidas

Institutional investors and hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC increased its stake in shares of Compañía Cervecerías Unidas by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock worth $179,143,000 after acquiring an additional 184,970 shares during the period. Genesis Investment Management LLP boosted its holdings in Compañía Cervecerías Unidas by 33.9% in the third quarter. Genesis Investment Management LLP now owns 1,590,258 shares of the company’s stock valued at $18,495,000 after purchasing an additional 402,593 shares during the last quarter. Baillie Gifford & Co. grew its position in Compañía Cervecerías Unidas by 124.3% during the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after purchasing an additional 421,374 shares during the period. Wellington Management Group LLP raised its stake in shares of Compañía Cervecerías Unidas by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock valued at $6,647,000 after buying an additional 19,881 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of Compañía Cervecerías Unidas in the 2nd quarter valued at about $2,121,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.

Compañía Cervecerías Unidas Price Performance

Shares of CCU opened at $11.64 on Tuesday. The company has a 50 day moving average of $11.09 and a two-hundred day moving average of $11.67. The company has a quick ratio of 1.60, a current ratio of 2.29 and a debt-to-equity ratio of 0.82. Compañía Cervecerías Unidas has a twelve month low of $10.00 and a twelve month high of $13.74. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87.

Compañía Cervecerías Unidas (NYSE:CCU) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter. Compañía Cervecerías Unidas had a return on equity of 5.75% and a net margin of 4.22%. The business had revenue of $561.95 million during the quarter. As a group, analysts predict that Compañía Cervecerías Unidas will post 0.73 earnings per share for the current fiscal year.

Compañía Cervecerías Unidas Company Profile

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.