Coca-Cola European Partners PLC (NYSE:CCE) has earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $44.33.
Several analysts recently commented on CCE shares. TheStreet upgraded Coca-Cola European Partners PLC from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Barclays PLC reiterated a “buy” rating and set a $44.00 price target on shares of Coca-Cola European Partners PLC in a research report on Sunday, May 7th. UBS AG reiterated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, May 5th. Zacks Investment Research upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, July 10th. Finally, Argus boosted their price target on Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, May 24th.
A number of hedge funds have recently bought and sold shares of CCE. Wetherby Asset Management Inc. boosted its stake in 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 worth $350,000 after buying an additional 146 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in 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 worth $653,000 after buying an additional 4,459 shares during the last quarter. Korea Investment CORP boosted its stake in 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 in the last quarter. First Manhattan Co. boosted its stake in Coca-Cola European Partners PLC by 1.7% in the first quarter. First Manhattan Co. now owns 10,922 shares of the company’s stock valued at $435,000 after buying an additional 187 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Coca-Cola European Partners PLC during the first quarter valued at approximately $2,844,000. 31.75% of the stock is owned by institutional investors.
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Coca-Cola European Partners PLC (CCE) traded up 1.215% on Friday, hitting $43.745. The stock had a trading volume of 1,002,261 shares. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.75. The company has a 50-day moving average of $42.04 and a 200 day moving average of $38.74. The company has a market cap of $20.74 billion, a PE ratio of 26.179 and a beta of 0.95.
Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.29% and a net margin of 6.35%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the business earned $0.56 earnings per share. On average, analysts predict that Coca-Cola European Partners PLC will post $2.46 EPS for the current fiscal year.
About Coca-Cola European Partners PLC
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.
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