Coca-Cola European Partners PLC (NYSE:CCEP) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.20.
Several analysts recently weighed in on the company. Evercore ISI restated a “buy” rating and set a $60.00 target price on shares of Coca-Cola European Partners in a research note on Thursday. Zacks Investment Research downgraded Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Morgan Stanley downgraded Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 12th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Coca-Cola European Partners in the first quarter valued at $5,946,000. ZWJ Investment Counsel Inc. purchased a new position in shares of Coca-Cola European Partners in the first quarter valued at $233,000. Adirondack Research & Management Inc. purchased a new position in shares of Coca-Cola European Partners in the first quarter valued at $333,000. Advisory Services Network LLC purchased a new position in shares of Coca-Cola European Partners in the first quarter valued at $53,000. Finally, Nordea Investment Management AB purchased a new position in shares of Coca-Cola European Partners in the first quarter valued at $43,479,000. Institutional investors own 30.51% of the company’s stock.
NYSE:CCEP traded down $0.27 during mid-day trading on Tuesday, hitting $55.57. 1,020,699 shares of the company’s stock traded hands, compared to its average volume of 995,758. The firm’s 50 day moving average price is $56.71. Coca-Cola European Partners has a 12 month low of $41.64 and a 12 month high of $58.35. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.78.
Coca-Cola European Partners Company Profile
Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.
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