Coca-Cola European Partners (NYSE:CCE) Price Target Raised to $46.00

Coca-Cola European Partners (NYSE:CCE) had its price objective hoisted by Deutsche Bank from $43.00 to $46.00 in a report released on Friday, February 16th. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Coca-Cola European Partners from a buy rating to a hold rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $33.00 price target on Coca-Cola European Partners and gave the company a sell rating in a research report on Wednesday, November 29th. UBS Group cut Coca-Cola European Partners to a neutral rating in a research report on Monday, November 13th. Finally, Macquarie cut Coca-Cola European Partners from an outperform rating to a neutral rating and set a $40.00 price target on the stock. in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $43.38.

Coca-Cola European Partners (CCE) traded down $0.84 during midday trading on Friday, reaching $41.21. 1,112,379 shares of the company’s stock traded hands, compared to its average volume of 1,703,050. The stock has a market capitalization of $20,237.46, a P/E ratio of 26.25, a PEG ratio of 1.93 and a beta of 0.84. Coca-Cola European Partners has a 1-year low of $35.46 and a 1-year high of $44.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95.

Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.37%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. equities research analysts expect that Coca-Cola European Partners will post 2.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, February 26th. This is a boost from Coca-Cola European Partners’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a dividend yield of 3.11%. Coca-Cola European Partners’s dividend payout ratio is currently 81.53%.

Several institutional investors and hedge funds have recently made changes to their positions in CCE. Advisor Group Inc. increased its position in shares of Coca-Cola European Partners by 35.5% in the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares during the last quarter. BB&T Securities LLC bought a new position in shares of Coca-Cola European Partners in the third quarter worth approximately $239,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Coca-Cola European Partners in the second quarter worth approximately $238,000. ETRADE Capital Management LLC bought a new position in shares of Coca-Cola European Partners in the fourth quarter worth approximately $234,000. Finally, LMR Partners LLP bought a new position in shares of Coca-Cola European Partners in the fourth quarter worth approximately $241,000. Hedge funds and other institutional investors own 30.87% of the company’s stock.

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Coca-Cola European Partners Company Profile

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 (NYSE:CCE)

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