HSBC Reaffirms “Reduce” Rating for Compania Cervecerias Unidas (NYSE:CCU)

Compania Cervecerias Unidas (NYSE:CCU)‘s stock had its “reduce” rating reaffirmed by stock analysts at HSBC in a research report issued to clients and investors on Monday, Marketbeat reports. They presently have a $10.00 price objective on the stock, down from their prior price objective of $15.00. HSBC’s target price points to a potential downside of 10.55% from the stock’s current price.

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

Compania Cervecerias Unidas Price Performance

Shares of NYSE CCU opened at $11.18 on Monday. The stock has a market capitalization of $2.07 billion, a PE ratio of 18.03, a P/E/G ratio of 1.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.17. The business has a fifty day moving average price of $11.73 and a two-hundred day moving average price of $11.60. Compania Cervecerias Unidas has a fifty-two week low of $10.71 and a fifty-two week high of $15.36.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased 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 worth $43,000 after purchasing an additional 1,520 shares in the last quarter. DGS Capital Management LLC bought a new position in Compania Cervecerias Unidas in the fourth quarter valued at about $130,000. Engineers Gate Manager LP acquired a new stake in shares of Compania Cervecerias Unidas during the second quarter valued at about $169,000. Stephens Inc. AR boosted its stake in shares of Compania Cervecerias Unidas by 6.0% during the first quarter. Stephens Inc. AR now owns 27,134 shares of the company’s stock valued at $308,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Compania Cervecerias Unidas by 7.1% during the first quarter. Royal Bank of Canada now owns 70,005 shares of the company’s stock valued at $795,000 after purchasing an additional 4,616 shares in the last quarter. 24.07% of the stock is currently owned by institutional investors and hedge funds.

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.