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.
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 GLACÉAU Smartwater brands.
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