Analysts Set Compañía Cervecerías Unidas S.A. (NYSE:CCU) Price Target at $12.88

Shares of Compañía Cervecerías Unidas S.A. (NYSE:CCU) have received an average rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.88.

A number of equities analysts have recently weighed in on CCU shares. JPMorgan Chase & Co. cut Compañía Cervecerías Unidas from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $21.00 to $10.00 in a report on Thursday, August 8th. StockNews.com raised shares of Compañía Cervecerías Unidas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group cut shares of Compañía Cervecerías Unidas from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $12.90 to $10.50 in a research note on Monday, August 26th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its holdings in Compañía Cervecerías Unidas by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 15,741,885 shares of the company’s stock valued at $179,143,000 after acquiring an additional 184,970 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Compañía Cervecerías Unidas by 82.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,734 shares of the company’s stock valued at $1,897,000 after purchasing an additional 75,147 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 21,630 shares during the period. Malaga Cove Capital LLC grew its holdings in shares of 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 purchasing an additional 16,396 shares during the period. Finally, Privium Fund Management UK Ltd increased its position 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 purchasing an additional 59,863 shares in the last quarter. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Compañía Cervecerías Unidas Price Performance

Shares of NYSE CCU opened at $11.67 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $11.01 and its 200 day moving average price is $11.76. Compañía Cervecerías Unidas has a 52 week low of $10.00 and a 52 week high of $13.74. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.55 and a beta of 0.87.

Compañía Cervecerías Unidas (NYSE:CCU) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter. Compañía Cervecerías Unidas had a return on equity of 5.75% and a net margin of 4.22%. The business had revenue of $561.95 million for the quarter. As a group, research analysts forecast that Compañía Cervecerías Unidas will post 0.73 earnings per share for the current fiscal year.

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.