Compañía Cervecerías Unidas (NYSE:CCU) Hits New 12-Month High – What’s Next?

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares hit a new 52-week high on Wednesday . The company traded as high as $13.74 and last traded at $13.53, with a volume of 159532 shares traded. The stock had previously closed at $13.08.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCU shares. The Goldman Sachs Group cut their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a research report on Tuesday, November 12th. Scotiabank raised Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.03.

Compañía Cervecerías Unidas Trading Up 3.9 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.06 and a quick ratio of 1.44. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.69 and a beta of 0.90. The business’s 50-day moving average price is $12.01 and its two-hundred day moving average price is $11.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCU. Two Sigma Advisers LP boosted its holdings in shares of Compañía Cervecerías Unidas by 47.2% during the fourth quarter. Two Sigma Advisers LP now owns 18,100 shares of the company’s stock worth $205,000 after purchasing an additional 5,800 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Compañía Cervecerías Unidas in the 4th quarter worth about $149,000. Banque de Luxembourg S.A. purchased a new stake in Compañía Cervecerías Unidas in the 4th quarter valued at about $63,000. Bank of America Corp DE increased its stake in shares of Compañía Cervecerías Unidas by 28.9% during the 4th quarter. Bank of America Corp DE now owns 242,520 shares of the company’s stock valued at $2,748,000 after acquiring an additional 54,372 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new position in shares of Compañía Cervecerías Unidas during the 4th quarter worth about $7,141,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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.