Compania Cervecerias Unidas (NYSE:CCU) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Compania Cervecerias Unidas (NYSE:CCU) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts have also weighed in on CCU. JPMorgan Chase & Co. increased their target price on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.00.

Compania Cervecerias Unidas Stock Performance

CCU stock opened at $14.98 on Monday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 4.02 and a beta of 0.49. Compania Cervecerias Unidas has a one year low of $11.35 and a one year high of $15.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.38 and a current ratio of 2.06. The firm has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $12.72.

Compania Cervecerias Unidas (NYSE:CCU) last posted its earnings results on Wednesday, November 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The business had revenue of $684.82 million during the quarter, compared to analysts’ expectations of $783.08 million. Compania Cervecerias Unidas had a net margin of 4.48% and a return on equity of 8.18%. On average, equities analysts forecast that Compania Cervecerias Unidas will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in shares of Compania Cervecerias Unidas by 12.7% during the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after buying an additional 822 shares in the last quarter. Blue Trust Inc. lifted its stake in Compania Cervecerias Unidas by 4.3% in the second quarter. Blue Trust Inc. now owns 25,295 shares of the company’s stock worth $327,000 after acquiring an additional 1,043 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Compania Cervecerias Unidas by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 173,537 shares of the company’s stock worth $2,103,000 after acquiring an additional 2,141 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Compania Cervecerias Unidas by 28.7% in the 4th quarter. Ballentine Partners LLC now owns 13,221 shares of the company’s stock valued at $169,000 after purchasing an additional 2,946 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Compania Cervecerias Unidas by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 81,003 shares of the company’s stock valued at $982,000 after purchasing an additional 2,960 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.