Compania Cervecerias Unidas, S.A. (NYSE:CCU) Receives Average Recommendation of “Reduce” from Brokerages

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

Several research firms have recently weighed in on CCU. Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, February 2nd.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Institutional investors have recently made changes to their positions in the business. Arax Advisory Partners boosted its holdings in shares of 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 buying an additional 2,047 shares during the last quarter. Parallel Advisors LLC increased its holdings in Compania Cervecerias Unidas by 69.1% during the fourth quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock valued at $33,000 after buying an additional 1,045 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Compania Cervecerias Unidas by 1,252.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock worth $42,000 after acquiring an additional 2,994 shares during the period. First Horizon Corp bought a new position in Compania Cervecerias Unidas in the third quarter worth approximately $60,000. Finally, Rhumbline Advisers boosted its stake in shares of 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 acquiring an additional 822 shares during the last quarter. Institutional investors own 24.07% of the company’s stock.

Compania Cervecerias Unidas Stock Up 0.1%

CCU opened at $11.07 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $13.29 and a 200-day moving average price of $12.91. Compania Cervecerias Unidas has a twelve month low of $10.71 and a twelve month high of $15.75. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.19 and a beta of 0.50.

Compania Cervecerias Unidas (NYSE:CCU) last issued its earnings results on Saturday, February 14th. The company reported $0.33 earnings per share (EPS) for the quarter. Compania Cervecerias Unidas had a net margin of 4.03% and a return on equity of 7.20%. The company had revenue of $948.09 million for the quarter. Equities research analysts forecast that Compania Cervecerias Unidas will post 0.68 earnings per share for the current 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.