JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Compania Cervecerias Unidas (NYSE:CCU) Stock

Compania Cervecerias Unidas (NYSE:CCU) had its target price raised by analysts at JPMorgan Chase & Co. from $10.00 to $14.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 5.34% from the stock’s previous close.

CCU has been the topic of a number of other research reports. Zacks Research lowered Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus target price of $12.00.

Compania Cervecerias Unidas Stock Up 2.1%

Compania Cervecerias Unidas stock opened at $14.79 on Monday. The company has a market capitalization of $2.73 billion, a P/E ratio of 19.21, a P/E/G ratio of 4.02 and a beta of 0.49. The firm’s fifty day simple moving average is $13.56 and its 200-day simple moving average is $12.72. The company has a current ratio of 2.06, a quick ratio of 1.38 and a debt-to-equity ratio of 0.69. Compania Cervecerias Unidas has a 1-year low of $11.35 and a 1-year high of $15.75.

Compania Cervecerias Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%.The business had revenue of $684.82 million during the quarter, compared to the consensus estimate of $783.08 million. Sell-side analysts forecast that Compania Cervecerias Unidas will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of 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 valued at $42,000 after acquiring an additional 2,994 shares during the period. First Horizon Corp acquired a new position in Compania Cervecerias Unidas during the 3rd quarter valued at $60,000. Rhumbline Advisers boosted its holdings in Compania Cervecerias Unidas by 12.7% in the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after purchasing an additional 822 shares during the period. Advisory Services Network LLC acquired a new stake in Compania Cervecerias Unidas in the 3rd quarter worth $91,000. Finally, First Affirmative Financial Network acquired a new stake in Compania Cervecerias Unidas in the 3rd quarter worth $143,000. 24.07% of the stock is owned by institutional investors.

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.