Shares of Coca-Cola European Partners PLC (NYSE:CCEP) have been assigned a consensus broker rating score of 1.33 (Strong Buy) from the six analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and five have assigned a strong buy rating to the company. Coca-Cola European Partners’ rating score has improved by 6.3% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a twelve-month consensus price objective of $53.50 for the company and are predicting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Coca-Cola European Partners an industry rank of 232 out of 255 based on the ratings given to its competitors.
CCEP has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Zacks Investment Research cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, ValuEngine raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Monday, December 17th.
Shares of CCEP traded up $0.13 during mid-day trading on Tuesday, reaching $51.35. 766,471 shares of the company’s stock were exchanged, compared to its average volume of 1,452,211. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.79 and a quick ratio of 0.61. Coca-Cola European Partners has a 52-week low of $37.38 and a 52-week high of $51.94. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.03 and a beta of 0.56.
Coca-Cola European Partners (NYSE:CCEP) last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.08). Coca-Cola European Partners had a return on equity of 16.44% and a net margin of 7.89%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that Coca-Cola European Partners will post 2.82 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc acquired a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $78,105,000. Marshall Wace North America L.P. acquired a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $5,248,000. Marshall Wace LLP acquired a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $1,964,000. Clearbridge Investments LLC acquired a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $402,000. Finally, Vanguard Group Inc. acquired a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at $78,105,000. Institutional investors own 30.82% of the company’s stock.
Coca-Cola European Partners Company Profile
Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.
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