Compañía Cervecerías Unidas S.A. (NYSE:CCU) Receives Average Rating of “Hold” from Brokerages

Compañía Cervecerías Unidas S.A. (NYSE:CCU) has been given an average recommendation of “Hold” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.36.

Several brokerages have recently weighed in on CCU. Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. StockNews.com lowered Compañía Cervecerías Unidas from a “buy” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. downgraded Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $21.00 to $10.00 in a research report on Thursday, August 8th.

Compañía Cervecerías Unidas Stock Up 0.4 %

CCU opened at $11.36 on Thursday. The company has a market capitalization of $2.10 billion, a P/E ratio of 19.59, a P/E/G ratio of 0.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.48 and a quick ratio of 1.81. The firm’s fifty day moving average price is $11.50 and its two-hundred day moving average price is $11.94. Compañía Cervecerías Unidas has a fifty-two week low of $10.00 and a fifty-two week high of $15.55.

Institutional Investors Weigh In On Compañía Cervecerías Unidas

A number of large investors have recently bought and sold shares of CCU. First Eagle Investment Management LLC raised its position in Compañía Cervecerías Unidas by 1.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock valued at $179,143,000 after purchasing an additional 184,970 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Compañía Cervecerías Unidas by 82.0% in the second quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after buying an additional 75,147 shares during the last quarter. American Century Companies Inc. lifted its position in Compañía Cervecerías Unidas by 37.5% during the 2nd quarter. American Century Companies Inc. now owns 79,367 shares of the company’s stock worth $903,000 after buying an additional 21,630 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in Compañía Cervecerías Unidas by 39.8% during the 2nd quarter. Malaga Cove Capital LLC now owns 57,632 shares of the company’s stock worth $656,000 after acquiring an additional 16,396 shares during the last quarter. Finally, Privium Fund Management UK Ltd grew its holdings in Compañía Cervecerías Unidas by 98.1% during the 2nd quarter. Privium Fund Management UK Ltd now owns 120,892 shares of the company’s stock worth $1,348,000 after acquiring an additional 59,863 shares during the last quarter. 24.07% of the stock is currently owned by institutional investors.

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.