Zacks Investment Research upgraded shares of Coca-Cola European Partners (NYSE:CCE) from a hold rating to a buy rating in a research report released on Monday, January 15th. They currently have $43.00 target price on the stock.
According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom. “
Several other equities analysts also recently issued reports on CCE. UBS Group downgraded shares of Coca-Cola European Partners to a neutral rating in a report on Monday, November 13th. Susquehanna Bancshares downgraded shares of Coca-Cola European Partners from a neutral rating to a neutral rating and reduced their price target for the company from $38.00 to $33.00 in a report on Monday, November 13th. Deutsche Bank initiated coverage on shares of Coca-Cola European Partners in a report on Wednesday, December 13th. They set a buy rating and a $43.00 price target for the company. Finally, Macquarie downgraded shares of Coca-Cola European Partners from an outperform rating to a neutral rating and set a $40.00 price target for the company. in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Coca-Cola European Partners has an average rating of Hold and a consensus target price of $43.38.
Coca-Cola European Partners (NYSE:CCE) traded up $0.11 during trading on Monday, reaching $39.75. 936,500 shares of the company’s stock were exchanged, compared to its average volume of 1,597,700. The firm has a market capitalization of $19,250.00, a P/E ratio of 22.71, a PEG ratio of 1.88 and a beta of 0.88. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. Coca-Cola European Partners has a 1 year low of $33.89 and a 1 year high of $44.75.
Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. research analysts predict that Coca-Cola European Partners will post 2.51 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Capital World Investors raised its position in Coca-Cola European Partners by 6.8% in the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after acquiring an additional 1,398,929 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Coca-Cola European Partners by 0.8% in the third quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after acquiring an additional 139,127 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Coca-Cola European Partners by 6.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock worth $478,918,000 after buying an additional 692,923 shares during the period. First Eagle Investment Management LLC raised its holdings in Coca-Cola European Partners by 14.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after buying an additional 811,835 shares during the period. Finally, FMR LLC raised its holdings in Coca-Cola European Partners by 1.2% during the 2nd quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after buying an additional 60,036 shares during the period. 29.31% of the stock is owned by institutional investors and hedge funds.
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About Coca-Cola European Partners
Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.
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