Brokerages Set Compania Cervecerias Unidas, S.A. (NYSE:CCU) Price Target at $12.00

Shares of Compania Cervecerias Unidas, S.A. (NYSE:CCU) have received an average recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.00.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd.

Compania Cervecerias Unidas Stock Performance

NYSE CCU opened at $12.37 on Friday. The firm has a market cap of $2.29 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.75 and a beta of 0.50. Compania Cervecerias Unidas has a 52-week low of $11.35 and a 52-week high of $15.75. The business’s 50-day moving average price is $13.98 and its 200 day moving average price is $13.00. The company has a quick ratio of 1.38, a current ratio of 1.90 and a debt-to-equity ratio of 0.67.

Compania Cervecerias Unidas (NYSE:CCU) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09). Compania Cervecerias Unidas had a net margin of 4.03% and a return on equity of 7.20%. The company had revenue of $963.83 million for the quarter, compared to analysts’ expectations of $904.78 million. On average, equities research analysts expect that Compania Cervecerias Unidas will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

Institutional investors have recently added to or reduced their stakes in the business. Arax Advisory Partners increased its position in Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock worth $29,000 after purchasing an additional 2,047 shares during the period. Parallel Advisors LLC boosted its stake in shares of Compania Cervecerias Unidas by 69.1% in 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Compania Cervecerias Unidas by 1,252.7% during 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 purchased a new position in Compania Cervecerias Unidas in the third quarter worth $60,000. Finally, Rhumbline Advisers raised its position in Compania Cervecerias Unidas by 12.7% in the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after acquiring an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

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.