Barclays PLC reiterated their buy rating on shares of Coca-Cola European Partners PLC (NYSE:CCE) in a research report released on Friday. Barclays PLC currently has a $46.00 price objective on the stock.
A number of other research firms have also issued reports on CCE. Deutsche Bank AG lowered shares of Coca-Cola European Partners PLC from a buy rating to a hold rating in a report on Thursday. Argus upped their target price on shares of Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a buy rating in a report on Wednesday, May 24th. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a hold rating to a buy rating and set a $45.00 target price for the company in a report on Monday, July 10th. BidaskClub lowered shares of Coca-Cola European Partners PLC from a buy rating to a hold rating in a report on Tuesday, June 20th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $42.00 target price on shares of Coca-Cola European Partners PLC in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $43.57.
Coca-Cola European Partners PLC (CCE) traded up 0.14% during trading on Friday, reaching $42.07. 407,942 shares of the company’s stock traded hands. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $42.58. The firm has a market capitalization of $19.95 billion, a PE ratio of 26.03 and a beta of 0.95. The company has a 50-day moving average price of $41.01 and a 200 day moving average price of $37.65.
Coca-Cola European Partners PLC (NYSE:CCE) last released its earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Coca-Cola European Partners PLC had a net margin of 6.35% and a return on equity of 15.29%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, analysts anticipate that Coca-Cola European Partners PLC will post $2.43 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobus Wealth Management Inc. bought a new position in Coca-Cola European Partners PLC during the first quarter worth approximately $115,000. Creative Planning boosted its position in Coca-Cola European Partners PLC by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock worth $139,000 after buying an additional 1,402 shares during the last quarter. Pinnacle Bank bought a new position in Coca-Cola European Partners PLC during the first quarter worth approximately $182,000. Fulton Bank N.A. bought a new position in Coca-Cola European Partners PLC during the second quarter worth approximately $201,000. Finally, Yorktown Management & Research Co Inc bought a new position in Coca-Cola European Partners PLC during the first quarter worth approximately $211,000. 31.53% of the stock is currently owned by institutional investors.
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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