Coca-Cola European Partners (CCE) Upgraded at Goldman Sachs

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.

Coca-Cola European Partners (NYSE:CCE) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.12%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. sell-side analysts expect that Coca-Cola European Partners will post 2.81 earnings per share for the current fiscal year.

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.

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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 GLAC√ČAU Smartwater brands.

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

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