Compañía Cervecerías Unidas (NYSE:CCU) Downgraded to “Sell” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Compañía Cervecerías Unidas (NYSE:CCU) from a neutral rating to a sell rating in a research report sent to investors on Monday, Marketbeat reports. The Goldman Sachs Group currently has $10.50 price target on the stock, down from their prior price target of $12.90.

A number of other equities research analysts have also commented on the company. StockNews.com raised Compañía Cervecerías Unidas from a hold rating to a buy rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lowered Compañía Cervecerías Unidas from an overweight rating to an underweight rating and lowered their price target for the company from $21.00 to $10.00 in a research report on Thursday, August 8th. Finally, Bank of America lowered Compañía Cervecerías Unidas from a neutral rating to an underperform rating and increased their price target for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $12.88.

Compañía Cervecerías Unidas Price Performance

Shares of CCU opened at $11.49 on Monday. Compañía Cervecerías Unidas has a 12-month low of $10.00 and a 12-month high of $15.09. The business’s fifty day moving average is $11.42 and its 200 day moving average is $11.91. The company has a quick ratio of 1.81, a current ratio of 2.48 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2.12 billion, a P/E ratio of 19.81, a P/E/G ratio of 0.60 and a beta of 0.90.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

Large investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Compañía Cervecerías Unidas by 42.4% during the 4th quarter. Signaturefd LLC now owns 3,494 shares of the company’s stock valued at $44,000 after purchasing an additional 1,040 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Compañía Cervecerías Unidas during the 2nd quarter valued at $146,000. D.A. Davidson & CO. purchased a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at $209,000. Blue Trust Inc. increased its position in shares of Compañía Cervecerías Unidas by 55.3% during the 2nd quarter. Blue Trust Inc. now owns 18,231 shares of the company’s stock valued at $219,000 after purchasing an additional 6,495 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Compañía Cervecerías Unidas by 20.8% during the 4th quarter. Quadrant Capital Group LLC now owns 17,710 shares of the company’s stock valued at $222,000 after purchasing an additional 3,048 shares during the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

About Compañía Cervecerías Unidas

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.