Compania Cervecerias Unidas (NYSE:CCU) Sees Unusually-High Trading Volume – Should You Buy?

Compania Cervecerias Unidas, S.A. (NYSE:CCU) shares saw unusually-strong trading volume on Wednesday . Approximately 1,200,774 shares changed hands during trading, an increase of 518% from the previous session’s volume of 194,438 shares.The stock last traded at $11.94 and had previously closed at $11.79.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CCU shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research report on Friday, March 27th. Wall Street Zen raised Compania Cervecerias Unidas from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. increased their price objective on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. Finally, Zacks Research cut Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average price target of $12.00.

Compania Cervecerias Unidas Trading Up 2.0%

The firm has a market capitalization of $2.22 billion, a PE ratio of 17.68, a P/E/G ratio of 0.92 and a beta of 0.53. The business has a 50 day moving average price of $11.66 and a 200-day moving average price of $12.80. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.63.

Compania Cervecerias Unidas (NYSE:CCU) last issued its earnings results on Wednesday, May 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $884.42 million during the quarter, compared to the consensus estimate of $839.83 million. Compania Cervecerias Unidas had a return on equity of 7.34% and a net margin of 4.14%. Analysts expect that Compania Cervecerias Unidas, S.A. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Large investors have recently modified their holdings of the business. Arax Advisory Partners raised its stake in shares of Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock worth $29,000 after buying an additional 2,047 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Compania Cervecerias Unidas by 69.1% during the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after buying an additional 1,045 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 2,994 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Compania Cervecerias Unidas by 12.7% during the 3rd quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock worth $88,000 after buying an additional 822 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Compania Cervecerias Unidas during the 3rd quarter worth approximately $91,000. 24.07% of the stock is owned by hedge funds and other institutional investors.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.