Compañía Cervecerías Unidas (NYSE:CCU) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Compañía Cervecerías Unidas (NYSE:CCU – Get Rating) in a research note released on Thursday. The firm issued a buy rating on the stock.

A number of other research analysts also recently weighed in on CCU. JPMorgan Chase & Co. upgraded Compañía Cervecerías Unidas from a neutral rating to an overweight rating in a report on Friday, January 20th. The Goldman Sachs Group lifted their price target on Compañía Cervecerías Unidas from $12.00 to $13.40 and gave the company a neutral rating in a report on Friday, March 10th. Finally, Bank of America upgraded Compañía Cervecerías Unidas from an underperform rating to a buy rating in a report on Wednesday, March 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Compañía Cervecerías Unidas presently has a consensus rating of Moderate Buy and a consensus target price of $13.47.

Compañía Cervecerías Unidas Stock Performance

Shares of CCU stock opened at $14.47 on Thursday. Compañía Cervecerías Unidas has a 1-year low of $9.31 and a 1-year high of $16.60. The company has a current ratio of 2.08, a quick ratio of 1.46 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.82 and a beta of 0.79. The stock’s fifty day simple moving average is $15.11 and its 200-day simple moving average is $12.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCU. Marshall Wace LLP grew its stake in Compañía Cervecerías Unidas by 114.4% in the third quarter. Marshall Wace LLP now owns 563,121 shares of the company’s stock valued at $6,069,000 after purchasing an additional 300,523 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in Compañía Cervecerías Unidas by 2.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 10,736,488 shares of the company’s stock valued at $140,863,000 after purchasing an additional 280,464 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Compañía Cervecerías Unidas by 60.3% in the second quarter. Renaissance Technologies LLC now owns 740,065 shares of the company’s stock worth $9,347,000 after buying an additional 278,400 shares during the last quarter. Discerene Group LP lifted its position in shares of Compañía Cervecerías Unidas by 34.4% in the second quarter. Discerene Group LP now owns 745,661 shares of the company’s stock worth $9,418,000 after buying an additional 190,660 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Compañía Cervecerías Unidas by 45.4% in the second quarter. JPMorgan Chase & Co. now owns 581,800 shares of the company’s stock worth $7,349,000 after buying an additional 181,741 shares during the last quarter. Hedge funds and other institutional investors own 18.43% of the company’s stock.

About Compañía Cervecerías Unidas

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Compañía Cervecerías Unidas SA engages in the production of beverages. It operates through the following segments: Chile, International Business, and Wine. The Chile segment sells alcoholic and non-alcoholic beverages which include Heineken, Sol, Coors Tecate beer, Blue Moon beer, Kunstmann, Austral beer; and carbonated soft drinks, nectars and juices, sports and energy drinks, ice tea, and water.