Compañía Cervecerías Unidas (NYSE:CCU) Downgraded by StockNews.com

StockNews.com downgraded shares of Compañía Cervecerías Unidas (NYSE:CCU) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday.

Separately, Bank of America lowered Compañía Cervecerías Unidas from a neutral rating to an underperform rating and upped their target price for the company from $12.60 to $13.70 in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $14.21.

Compañía Cervecerías Unidas Price Performance

CCU opened at $12.16 on Thursday. 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 has a 12 month low of $10.82 and a 12 month high of $17.74. The stock has a fifty day moving average price of $12.24 and a 200-day moving average price of $12.12.

Compañía Cervecerías Unidas (NYSE:CCU) last released its quarterly earnings results 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 firm had revenue of $796.75 million during the quarter. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities research analysts expect that Compañía Cervecerías Unidas will post 0.81 earnings per share for the current year.

Institutional Trading of Compañía Cervecerías Unidas

A number of hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC boosted its stake in shares of 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 buying an additional 485,711 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Compañía Cervecerías Unidas by 124.3% during the first quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock valued at $9,118,000 after acquiring an additional 421,374 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Compañía Cervecerías Unidas by 3.9% during the fourth quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock valued at $6,647,000 after acquiring an additional 19,881 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $1,232,000. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter valued at approximately $952,000. Hedge funds and other 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.