Coca-Cola European Partners PLC (NYSE:CCE) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $40.75.
CCE has been the topic of several research reports. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, April 17th. Goldman Sachs Group upgraded shares of Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a report on Tuesday, April 17th. ValuEngine upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Friday, June 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Coca-Cola European Partners in a report on Thursday, April 26th. Finally, Morgan Stanley initiated coverage on shares of Coca-Cola European Partners in a report on Monday, March 26th. They issued an “overweight” rating on the stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in Coca-Cola European Partners by 173.0% in the 1st quarter. BlackRock Inc. now owns 11,477,385 shares of the company’s stock valued at $478,147,000 after acquiring an additional 7,273,215 shares during the period. Wells Fargo & Company MN grew its stake in Coca-Cola European Partners by 199.0% in the 1st quarter. Wells Fargo & Company MN now owns 2,873,741 shares of the company’s stock valued at $119,721,000 after acquiring an additional 1,912,524 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Coca-Cola European Partners in the 4th quarter valued at $49,698,000. Summit Trail Advisors LLC grew its stake in Coca-Cola European Partners by 4,020.4% in the 1st quarter. Summit Trail Advisors LLC now owns 1,246,762 shares of the company’s stock valued at $1,247,000 after acquiring an additional 1,216,504 shares during the period. Finally, York Capital Management Global Advisors LLC acquired a new stake in Coca-Cola European Partners in the 4th quarter valued at $44,728,000. 31.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Coca-Cola European Partners stock opened at $40.70 on Friday. The company has a market capitalization of $19.67 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.08 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.82. Coca-Cola European Partners has a 52 week low of $36.17 and a 52 week high of $44.75.
Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings data on Thursday, April 26th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Coca-Cola European Partners had a net margin of 5.70% and a return on equity of 15.52%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the firm posted $0.31 EPS. Coca-Cola European Partners’s revenue was down .9% on a year-over-year basis. analysts expect that Coca-Cola European Partners will post 2.71 EPS for the current fiscal year.
Coca-Cola European Partners Company Profile
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.
Receive News & Ratings for Coca-Cola European Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners and related companies with MarketBeat.com's FREE daily email newsletter.