Compañía Cervecerías Unidas (NYSE:CCU – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.
Separately, Bank of America lowered Compañía Cervecerías Unidas from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $12.60 to $13.70 in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Compañía Cervecerías Unidas has an average rating of “Moderate Buy” and a consensus target price of $14.21.
Get Our Latest Research Report on Compañía Cervecerías Unidas
Compañía Cervecerías Unidas Price Performance
Compañía Cervecerías Unidas (NYSE:CCU – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter. Compañía Cervecerías Unidas had a return on equity of 6.31% and a net margin of 3.61%. The company had revenue of $796.75 million for the quarter. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Analysts expect that Compañía Cervecerías Unidas will post 0.81 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its stake in shares of Compañía Cervecerías Unidas by 124.3% in the 1st quarter. Baillie Gifford & Co. now owns 760,470 shares of the company’s stock worth $9,118,000 after buying an additional 421,374 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Compañía Cervecerías Unidas by 3.9% in the 4th quarter. Wellington Management Group LLP now owns 530,075 shares of the company’s stock worth $6,647,000 after buying an additional 19,881 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $952,000. Tower Research Capital LLC TRC raised its position in shares of Compañía Cervecerías Unidas by 43,091.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,183 shares of the company’s stock worth $65,000 after purchasing an additional 5,171 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter worth $385,000. Institutional investors and hedge funds own 24.07% of the company’s stock.
Compañía Cervecerías Unidas Company Profile
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.
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