Brokerages Set $48.83 Price Target for Coca-Cola European Partners PLC (CCEP)

Share on StockTwits

Shares of Coca-Cola European Partners PLC (NYSE:CCEP) have been given a consensus broker rating score of 1.36 (Strong Buy) from the seven analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and five have assigned a strong buy recommendation to the company. Coca-Cola European Partners’ rating score has improved by 17.1% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a one year consensus price objective of $48.83 for the company and are expecting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Coca-Cola European Partners an industry rank of 214 out of 256 based on the ratings given to related companies.

A number of analysts have recently issued reports on CCEP shares. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating and set a $52.00 target price for the company in a research note on Tuesday. ValuEngine upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Monday, December 17th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Monday, January 7th.

Shares of NYSE CCEP traded up $0.54 during mid-day trading on Monday, reaching $47.34. 962,970 shares of the company were exchanged, compared to its average volume of 1,167,150. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.81 and a current ratio of 1.01. The stock has a market cap of $22.56 billion, a PE ratio of 19.81, a P/E/G ratio of 1.80 and a beta of 0.61. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $49.43.

Coca-Cola European Partners (NYSE:CCEP) last posted its earnings results on Thursday, October 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Coca-Cola European Partners had a net margin of 6.26% and a return on equity of 16.36%. As a group, analysts predict that Coca-Cola European Partners will post 2.7 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Capital World Investors bought a new position in Coca-Cola European Partners in the 3rd quarter valued at about $1,442,321,000. Deutsche Bank AG bought a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at approximately $121,648,000. Epoch Investment Partners Inc. bought a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at approximately $80,101,000. OZ Management LP bought a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at approximately $78,896,000. Finally, Vanguard Group Inc. bought a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at approximately $78,105,000. Institutional investors and hedge funds own 31.51% of the company’s stock.

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.

Further Reading: What are retained earnings?

Get a free copy of the Zacks research report on Coca-Cola European Partners (CCEP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Brokerages Expect Nike Inc  to Announce $0.63 Earnings Per Share
Brokerages Expect Nike Inc to Announce $0.63 Earnings Per Share
Raymond James Upgrades Commerce Bancshares  to “Market Perform”
Raymond James Upgrades Commerce Bancshares to “Market Perform”
Brokerages Expect Nike Inc  to Announce $0.63 Earnings Per Share
Brokerages Expect Nike Inc to Announce $0.63 Earnings Per Share
Zacks Investment Research Lowers Orange  to Sell
Zacks Investment Research Lowers Orange to Sell
Earthstone Energy’s  “Outperform” Rating Reaffirmed at Imperial Capital
Earthstone Energy’s “Outperform” Rating Reaffirmed at Imperial Capital
Codexis  Downgraded to Hold at Zacks Investment Research
Codexis Downgraded to Hold at Zacks Investment Research


Leave a Reply

© 2006-2019 Ticker Report