Compañía Cervecerías Unidas (NYSE:CCU) Reaches New 1-Year High – Time to Buy?

Compañía Cervecerías Unidas S.A. (NYSE:CCU) shares hit a new 52-week high on Wednesday . The company traded as high as $13.74 and last traded at $13.53, with a volume of 159532 shares trading hands. The stock had previously closed at $13.08.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CCU shares. The Goldman Sachs Group dropped their price objective on Compañía Cervecerías Unidas from $10.50 to $9.40 and set a “sell” rating for the company in a report on Tuesday, November 12th. Scotiabank upgraded Compañía Cervecerías Unidas from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.03.

Compañía Cervecerías Unidas Trading Up 3.9 %

The firm’s 50 day simple moving average is $12.01 and its 200-day simple moving average is $11.46. The company has a market capitalization of $2.51 billion, a PE ratio of 18.05, a P/E/G ratio of 2.69 and a beta of 0.90. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80.

Institutional Trading of Compañía Cervecerías Unidas

Several large investors have recently added to or reduced their stakes in CCU. Parvin Asset Management LLC acquired a new position in shares of Compañía Cervecerías Unidas during the fourth quarter worth about $44,000. Banque de Luxembourg S.A. purchased a new stake in shares of Compañía Cervecerías Unidas during the 4th quarter valued at about $63,000. Fielder Capital Group LLC acquired a new position in Compañía Cervecerías Unidas during the 4th quarter worth approximately $115,000. Ballentine Partners LLC purchased a new position in Compañía Cervecerías Unidas in the 4th quarter worth approximately $116,000. Finally, R Squared Ltd acquired a new stake in Compañía Cervecerías Unidas in the fourth quarter valued at approximately $126,000. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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.