Coca-Cola European Partners PLC (NYSE:CCE) Earns Hold Rating from Susquehanna Bancshares Inc

Coca-Cola European Partners PLC (NYSE:CCE)‘s stock had its “hold” rating reiterated by analysts at Susquehanna Bancshares Inc in a note issued to investors on Thursday.

A number of other equities analysts also recently issued reports on the stock. Deutsche Bank AG downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Barclays PLC reaffirmed a “buy” rating and set a $46.00 target price on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Monday, July 10th. Finally, ABN Amro reaffirmed a “sell” rating on shares of Coca-Cola European Partners PLC in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.57.

Coca-Cola European Partners PLC (NYSE CCE) traded up 0.44% during midday trading on Thursday, hitting $43.22. The company had a trading volume of 1,940,649 shares. The firm’s 50 day moving average is $41.96 and its 200-day moving average is $38.71. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75. The firm has a market capitalization of $20.49 billion, a P/E ratio of 25.86 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Coca-Cola European Partners PLC had a net margin of 6.35% and a return on equity of 15.29%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts expect that Coca-Cola European Partners PLC will post $2.48 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in Coca-Cola European Partners PLC by 3.1% in the first quarter. Canada Pension Plan Investment Board now owns 660,441 shares of the company’s stock valued at $24,892,000 after buying an additional 19,882 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Coca-Cola European Partners PLC by 139.7% in the first quarter. Wells Fargo & Company MN now owns 1,713,537 shares of the company’s stock valued at $64,583,000 after buying an additional 998,524 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Coca-Cola European Partners PLC by 1.6% in the first quarter. Wetherby Asset Management Inc. now owns 9,292 shares of the company’s stock valued at $350,000 after buying an additional 146 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Coca-Cola European Partners PLC by 34.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,318 shares of the company’s stock valued at $653,000 after buying an additional 4,459 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in shares of Coca-Cola European Partners PLC by 12.6% in the first quarter. Korea Investment CORP now owns 121,800 shares of the company’s stock valued at $4,591,000 after buying an additional 13,600 shares during the last quarter. 31.75% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola European Partners PLC Company Profile

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.

Analyst Recommendations for Coca-Cola European Partners PLC (NYSE:CCE)

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