Coca-Cola European Partners PLC (CCE) Stock Rating Lowered by Susquehanna Bancshares Inc

Coca-Cola European Partners PLC (NYSE:CCE) was downgraded by investment analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “neutral” rating in a research note issued to investors on Monday. They currently have a $33.00 target price on the stock, down from their prior target price of $38.00. Susquehanna Bancshares Inc’s target price points to a potential downside of 16.12% from the stock’s previous close.

A number of other research firms also recently issued reports on CCE. Barclays PLC reiterated a “buy” rating and issued a $46.00 target price on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. Zacks Investment Research downgraded shares of Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. Deutsche Bank AG downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. UBS AG downgraded shares of Coca-Cola European Partners PLC to a “neutral” rating in a research report on Monday. Finally, Macquarie initiated coverage on shares of Coca-Cola European Partners PLC in a research note on Thursday, September 14th. They set an “outperform” rating and a $46.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Coca-Cola European Partners PLC currently has an average rating of “Hold” and a consensus price target of $44.88.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) opened at $39.34 on Monday. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. The company has a market cap of $19,094.32, a P/E ratio of 16.92, a P/E/G ratio of 2.08 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76.

Coca-Cola European Partners PLC (NYSE:CCE) last released its earnings results on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.12). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners PLC had a net margin of 6.78% and a return on equity of 15.60%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. equities analysts predict that Coca-Cola European Partners PLC will post 2.45 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. Capital World Investors boosted its holdings in Coca-Cola European Partners PLC by 6.8% in the 2nd quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock valued at $898,148,000 after purchasing an additional 1,398,929 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Coca-Cola European Partners PLC by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock valued at $698,088,000 after purchasing an additional 139,127 shares during the period. Boston Partners boosted its holdings in Coca-Cola European Partners PLC by 1.2% in the 2nd quarter. Boston Partners now owns 10,511,025 shares of the company’s stock valued at $427,483,000 after purchasing an additional 125,412 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Coca-Cola European Partners PLC by 14.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after acquiring an additional 811,835 shares during the period. Finally, FMR LLC lifted its holdings in shares of Coca-Cola European Partners PLC by 1.2% during the 2nd quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after acquiring an additional 60,036 shares during the period. 29.84% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Coca-Cola European Partners PLC (NYSE:CCE)

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