Compañía Cervecerías Unidas (NYSE:CCU) Sets New 52-Week High - Here's Why

Compañía Cervecerías Unidas S.A. (NYSE:CCU - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $13.74 and last traded at $13.53, with a volume of 159532 shares traded. The stock had previously closed at $13.08.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CCU shares. The Goldman Sachs Group dropped their price objective on shares of Compañía Cervecerías Unidas from $10.50 to $9.40 and set a "sell" rating for the company in a research note on Tuesday, November 12th. Scotiabank raised shares of Compañía Cervecerías Unidas from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Compañía Cervecerías Unidas has a consensus rating of "Hold" and a consensus target price of $11.03.

Compañía Cervecerías Unidas Price Performance

The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The firm's 50 day simple moving average is $12.15 and its 200 day simple moving average is $11.51. The company has a market capitalization of $2.58 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.69 and a beta of 0.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Compañía Cervecerías Unidas by 2.2% during the third quarter. Wellington Management Group LLP now owns 1,892,147 shares of the company's stock valued at $22,006,000 after purchasing an additional 39,971 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $116,000. R Squared Ltd purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $126,000. Stephens Inc. AR boosted its stake in shares of Compañía Cervecerías Unidas by 23.2% during the fourth quarter. Stephens Inc. AR now owns 21,020 shares of the company's stock valued at $238,000 after purchasing an additional 3,955 shares during the period. Finally, Fielder Capital Group LLC purchased a new stake in shares of Compañía Cervecerías Unidas during the fourth quarter valued at $115,000. 24.07% of the stock is owned by hedge funds and other institutional investors.

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Compañía Cervecerías Unidas Company Profile

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.