Compania Cervecerias Unidas (NYSE:CCU) Given “Reduce” Rating at HSBC

by · The Markets Daily

HSBC reaffirmed their reduce rating on shares of Compania Cervecerias Unidas (NYSE:CCU – Free Report) in a report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has a $10.00 price objective on the stock, down from their prior price objective of $15.00.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. cut their target price on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, August 31st. Finally, Zacks Research upgraded shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of $11.50.

View Our Latest Stock Analysis on CCU

Compania Cervecerias Unidas Price Performance

CCU stock opened at $11.12 on Monday. The firm has a 50 day moving average of $11.73 and a 200-day moving average of $11.61. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.11 and a beta of 0.53. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71. Compania Cervecerias Unidas has a 12-month low of $10.71 and a 12-month high of $15.36.

Compania Cervecerias Unidas (NYSE:CCU – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). The business had revenue of $659.17 million for the quarter, compared to analysts’ expectations of $641.90 million. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%. As a group, equities analysts expect that Compania Cervecerias Unidas will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Compania Cervecerias Unidas by 65.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,857 shares of the company’s stock valued at $43,000 after buying an additional 1,520 shares during the period. DGS Capital Management LLC purchased a new stake in shares of Compania Cervecerias Unidas during the 4th quarter valued at $130,000. Engineers Gate Manager LP acquired a new stake in shares of Compania Cervecerias Unidas during the 2nd quarter worth $169,000. Stephens Inc. AR increased its holdings in shares of Compania Cervecerias Unidas by 6.0% during the 1st quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock worth $308,000 after buying an additional 1,532 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Compania Cervecerias Unidas by 7.1% in the 1st quarter. Royal Bank of Canada now owns 70,005 shares of the company’s stock worth $795,000 after buying an additional 4,616 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

(Get Free Report)

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company founded in 1902. The company produces, markets and distributes a broad portfolio of alcoholic and non-alcoholic beverages, with beer representing one of its core businesses.

CCU’s products include beers, soft drinks, bottled water, juices, sports and energy drinks, wines, spirits and pisco. Its beer portfolio includes brands such as Cristal, Escudo and Kunstmann in Chile, along with brands sold in Argentina and other markets.

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