Compañía Cervecerías Unidas (NYSE:CCU) Lifted to Strong-Buy at StockNews.com

Compañía Cervecerías Unidas (NYSE:CCU) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Bank of America lowered shares of Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $12.60 to $13.70 in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of “Moderate Buy” and an average price target of $14.21.

Compañía Cervecerías Unidas Stock Up 0.9 %

Shares of NYSE:CCU opened at $11.25 on Wednesday. The firm has a market capitalization of $2.08 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.90. The business has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $12.16. Compañía Cervecerías Unidas has a 1 year low of $10.82 and a 1 year high of $17.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.48 and a quick ratio of 1.81.

Compañía Cervecerías Unidas (NYSE:CCU) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 EPS for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. The company had revenue of $796.75 million for the quarter. During the same period last year, the company earned $0.38 EPS. On average, equities analysts predict that Compañía Cervecerías Unidas will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Compañía Cervecerías Unidas

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in Compañía Cervecerías Unidas by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 15,588,512 shares of the company’s stock worth $195,480,000 after acquiring an additional 485,711 shares during the period. Baillie Gifford & Co. lifted its position in shares of Compañía Cervecerías Unidas by 124.3% in the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after purchasing an additional 421,374 shares during the period. ABS Direct Equity Fund LLC bought a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $1,232,000. Privium Fund Management UK Ltd purchased a new position in Compañía Cervecerías Unidas during the fourth quarter valued at approximately $952,000. Finally, Trexquant Investment LP bought a new position in Compañía Cervecerías Unidas in the fourth quarter worth approximately $385,000. Institutional investors own 24.07% of the company’s stock.

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.