Compania Cervecerias Unidas (NYSE:CCU) Stock Rating Lowered by Weiss Ratings

Key Points

• Compania Cervecerias Unidas has been downgraded by Weiss Ratings from a "hold (c-)" to a "sell (d+)" rating.
• Goldman Sachs has reduced the target price for the stock from $11.50 to $10.00, maintaining a "sell" rating.
• The stock currently holds a consensus rating of "sell" with a consensus target price of $10.00.

Compania Cervecerias Unidas (NYSE:CCU - Get Free Report) was downgraded by research analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a report issued on Wednesday,Weiss Ratings reports.

Separately, The Goldman Sachs Group decreased their target price on Compania Cervecerias Unidas from $11.50 to $10.00 and set a "sell" rating on the stock in a report on Thursday, September 11th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Sell" and a consensus target price of $10.00.

Compania Cervecerias Unidas Stock Performance

Shares of CCU stock traded up $0.32 during trading on Wednesday, reaching $11.89. 112,704 shares of the company's stock were exchanged, compared to its average volume of 129,099. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2.20 billion, a PE ratio of 13.99, a PEG ratio of 1.21 and a beta of 0.73. Compania Cervecerias Unidas has a twelve month low of $10.65 and a twelve month high of $15.75. The firm's fifty day moving average price is $12.08 and its 200-day moving average price is $13.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCU. BTG Pactual Asset Management US LLC acquired a new stake in shares of Compania Cervecerias Unidas during the 2nd quarter worth $189,000. Bank of America Corp DE grew its holdings in shares of Compania Cervecerias Unidas by 8.7% during the 2nd quarter. Bank of America Corp DE now owns 282,777 shares of the company's stock worth $3,653,000 after purchasing an additional 22,570 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Compania Cervecerias Unidas by 101.6% during the 2nd quarter. Jane Street Group LLC now owns 25,796 shares of the company's stock worth $333,000 after purchasing an additional 13,000 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Compania Cervecerias Unidas by 83.8% during the 2nd quarter. Marshall Wace LLP now owns 255,380 shares of the company's stock worth $3,300,000 after purchasing an additional 116,418 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Compania Cervecerias Unidas by 1,252.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company's stock worth $42,000 after purchasing an additional 2,994 shares in the last quarter. 24.07% of the stock is owned by institutional investors and hedge funds.

About Compania Cervecerias Unidas

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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