Goldman Sachs upgraded shares of Coca-Cola European Partners (NYSE:CCE) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat.com reports.
A number of other research firms have also recently weighed in on CCE. Zacks Investment Research cut shares of Coca-Cola European Partners from a buy rating to a hold rating in a research report on Wednesday, January 10th. Deutsche Bank upped their price objective on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the company a buy rating in a research report on Friday, February 16th. Macquarie cut shares of Coca-Cola European Partners from an outperform rating to a neutral rating and set a $40.00 price objective for the company. in a research report on Friday, January 5th. Susquehanna Bancshares decreased their price objective on shares of Coca-Cola European Partners from $33.00 to $30.00 and set a negative rating for the company in a research report on Monday, February 12th. Finally, Morgan Stanley started coverage on shares of Coca-Cola European Partners in a research report on Monday, March 26th. They issued an overweight rating for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $43.88.
NYSE:CCE opened at $40.55 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 0.81. The stock has a market capitalization of $19,801.52, a price-to-earnings ratio of 16.69, a PEG ratio of 2.02 and a beta of 0.74. Coca-Cola European Partners has a 1-year low of $36.17 and a 1-year high of $44.75.
Hedge funds have recently modified their holdings of the company. Stifel Financial Corp lifted its position in shares of Coca-Cola European Partners by 93.9% during the third quarter. Stifel Financial Corp now owns 31,471 shares of the company’s stock worth $1,302,000 after purchasing an additional 15,241 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Coca-Cola European Partners during the third quarter worth about $256,000. Teacher Retirement System of Texas bought a new position in shares of Coca-Cola European Partners during the fourth quarter worth about $964,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Coca-Cola European Partners by 775.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,393 shares of the company’s stock worth $973,000 after purchasing an additional 20,722 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Coca-Cola European Partners by 17.7% during the fourth quarter. Teachers Advisors LLC now owns 982,844 shares of the company’s stock worth $39,166,000 after purchasing an additional 148,007 shares during the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.
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.
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