Scotiabank Initiates Coverage on Compañía Cervecerías Unidas (NYSE:CCU)

Equities researchers at Scotiabank assumed coverage on shares of Compañía Cervecerías Unidas (NYSE:CCU) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Separately, Zacks Investment Research raised Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, February 25th.

Compañía Cervecerías Unidas stock remained flat at $$18.10 during midday trading on Thursday. The company had a trading volume of 108,461 shares, compared to its average volume of 327,882. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.99 and a quick ratio of 1.99. Compañía Cervecerías Unidas has a 12-month low of $10.72 and a 12-month high of $18.89. The stock’s fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $15.34. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 13.96 and a beta of 0.96.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its quarterly earnings data on Tuesday, February 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.24 by $0.15. Compañía Cervecerías Unidas had a return on equity of 6.80% and a net margin of 5.32%. The company had revenue of $779.52 million for the quarter, compared to analyst estimates of $815.17 million. Equities research analysts expect that Compañía Cervecerías Unidas will post 0.56 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Compañía Cervecerías Unidas in the third quarter worth approximately $262,000. Royal London Asset Management Ltd. boosted its stake in shares of Compañía Cervecerías Unidas by 16.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 42,400 shares of the company’s stock worth $624,000 after acquiring an additional 6,090 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Compañía Cervecerías Unidas in the third quarter worth approximately $712,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Compañía Cervecerías Unidas by 68.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 67,954 shares of the company’s stock worth $999,000 after acquiring an additional 27,653 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Compañía Cervecerías Unidas by 7.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,804 shares of the company’s stock worth $1,056,000 after acquiring an additional 5,200 shares during the last quarter. 16.22% of the stock is currently owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Company Profile

Compañía Cervecerías Unidas SA operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. 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.

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