Compania Cervecerias Unidas, S.A. (NYSE:CCU) Upgraded to Buy at Zacks Investment Research
Compania Cervecerias Unidas, S.A. (NYSE:CCU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $29.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 10.43% from the company’s current price.
According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “
Several other analysts also recently commented on the stock. BidaskClub downgraded shares of Compania Cervecerias Unidas, from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co raised shares of Compania Cervecerias Unidas, from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $25.00 in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.17.
Compania Cervecerias Unidas, (NYSE CCU) traded down 0.11% during trading on Thursday, hitting $26.26. 176,808 shares of the company traded hands. Compania Cervecerias Unidas, has a one year low of $19.31 and a one year high of $27.28. The firm has a market cap of $4.85 billion, a P/E ratio of 26.31 and a beta of 0.33. The firm has a 50 day moving average of $26.39 and a 200 day moving average of $25.25.
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Several hedge funds have recently bought and sold shares of CCU. First Eagle Investment Management LLC increased its stake in Compania Cervecerias Unidas, by 4.3% in the second quarter. First Eagle Investment Management LLC now owns 6,662,451 shares of the company’s stock valued at $174,823,000 after buying an additional 271,740 shares in the last quarter. Henderson Group PLC increased its stake in Compania Cervecerias Unidas, by 10.8% in the first quarter. Henderson Group PLC now owns 2,819,956 shares of the company’s stock valued at $71,272,000 after buying an additional 275,590 shares in the last quarter. Acadian Asset Management LLC increased its stake in Compania Cervecerias Unidas, by 64.4% in the second quarter. Acadian Asset Management LLC now owns 893,359 shares of the company’s stock valued at $23,443,000 after buying an additional 349,839 shares in the last quarter. Macquarie Group Ltd. increased its stake in Compania Cervecerias Unidas, by 82.4% in the fourth quarter. Macquarie Group Ltd. now owns 885,329 shares of the company’s stock valued at $18,572,000 after buying an additional 399,990 shares in the last quarter. Finally, International Value Advisers LLC purchased a new stake in Compania Cervecerias Unidas, during the first quarter valued at about $16,774,000. 13.17% of the stock is owned by institutional investors and hedge funds.
About Compania Cervecerias Unidas,
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
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