Compania Cervecerias Unidas (NYSE:CCU) Sets New 12-Month Low – Time to Sell?

Compania Cervecerias Unidas, S.A. (NYSE:CCU) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $10.14 and last traded at $10.2550, with a volume of 47,404 shares trading hands. The stock had previously closed at $10.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. HSBC reissued a “reduce” rating and set a $10.00 price target (down from $15.00) on shares of Compania Cervecerias Unidas in a research report on Monday, September 21st. Weiss Ratings lowered Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. decreased their target price on Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, August 31st. Finally, Wall Street Zen cut Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Compania Cervecerias Unidas presently has a consensus rating of “Strong Sell” and an average price target of $11.50.

Compania Cervecerias Unidas Price Performance

The business has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.48. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.03 and a beta of 0.49. 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 (NYSE:CCU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.12). The business had revenue of $659.17 million during the quarter, compared to analyst estimates 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, research analysts forecast that Compania Cervecerias Unidas, S.A. will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Compania Cervecerias Unidas

Several hedge funds and other institutional investors have recently bought and sold shares of CCU. Stephens Inc. AR grew its position in Compania Cervecerias Unidas by 6.0% in the first 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. Engineers Gate Manager LP purchased a new stake in shares of Compania Cervecerias Unidas in the 2nd quarter valued at approximately $169,000. Bank of America Corp DE lifted its position in shares of Compania Cervecerias Unidas by 5.4% in the 1st quarter. Bank of America Corp DE now owns 329,197 shares of the company’s stock valued at $3,736,000 after acquiring an additional 16,834 shares in the last quarter. Royal Bank of Canada boosted its stake in 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 purchasing an additional 4,616 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Compania Cervecerias Unidas by 65.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,857 shares of the company’s stock worth $43,000 after purchasing an additional 1,520 shares during the period. 24.07% of the stock is currently owned by institutional investors.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile’s brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU’s beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.