Compania Cervecerias Unidas (NYSE:CCU) Sets New 1-Year Low – What’s Next?

Compania Cervecerias Unidas, S.A. (NYSE:CCU) shares reached a new 52-week low during trading on Tuesday. The company traded as low as $10.64 and last traded at $10.7090, with a volume of 26137 shares. The stock had previously closed at $10.84.

Wall Street Analysts Forecast Growth

CCU has been the subject of a number of research analyst reports. Wall Street Zen cut Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, August 31st. Zacks Research raised shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings downgraded shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, HSBC restated a “reduce” rating and set a $10.00 target price (down from $15.00) on shares of Compania Cervecerias Unidas in a report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average price target of $11.50.

Compania Cervecerias Unidas Trading Down 0.9%

The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The business has a 50 day moving average of $11.70 and a 200 day moving average of $11.58. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.71.

Compania Cervecerias Unidas (NYSE:CCU) last announced its earnings results on Wednesday, August 5th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%. The firm had revenue of $659.17 million during the quarter, compared to the consensus estimate of $641.90 million. On average, research analysts forecast that Compania Cervecerias Unidas, S.A. will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Compania Cervecerias Unidas

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised 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 purchasing an additional 16,834 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Compania Cervecerias Unidas during the second quarter worth approximately $169,000. DGS Capital Management LLC acquired a new stake in shares of Compania Cervecerias Unidas during the fourth quarter worth approximately $130,000. Dimensional Fund Advisors LP increased its stake in shares of Compania Cervecerias Unidas by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 183,897 shares of the company’s stock worth $2,087,000 after buying an additional 8,258 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Compania Cervecerias Unidas by 7.1% in the first quarter. Royal Bank of Canada now owns 70,005 shares of the company’s stock valued at $795,000 after acquiring an additional 4,616 shares in the last quarter. Institutional investors and hedge funds own 24.07% of the company’s stock.

Compania Cervecerias Unidas Company Profile

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.