Deutsche Bank Reiterates Buy Rating for Coca-Cola European Partners (NYSE:CCEP)

Coca-Cola European Partners (NYSE:CCEP)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday, The Fly reports. They presently have a $65.00 price objective on the stock, up from their prior price objective of $62.00. Deutsche Bank’s price target indicates a potential upside of 13.84% from the stock’s previous close.

Several other brokerages also recently commented on CCEP. Barclays set a $60.00 price objective on Coca-Cola European Partners and gave the stock a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Monday. Evercore ISI reaffirmed a “buy” rating and set a $60.00 price target on shares of Coca-Cola European Partners in a research report on Thursday, August 8th. Liberum Capital started coverage on Coca-Cola European Partners in a research report on Thursday, September 19th. They set a “buy” rating for the company. Finally, ValuEngine downgraded Coca-Cola European Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Coca-Cola European Partners presently has a consensus rating of “Hold” and an average price target of $56.83.

Shares of Coca-Cola European Partners stock opened at $57.10 on Tuesday. The company has a market cap of $27.37 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.26 and a beta of 0.41. Coca-Cola European Partners has a 52 week low of $42.90 and a 52 week high of $58.35. The business has a 50 day moving average price of $55.77 and a 200-day moving average price of $55.29. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.90.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Bank increased its position in shares of Coca-Cola European Partners by 4.1% during the third quarter. Pinnacle Bank now owns 5,631 shares of the company’s stock valued at $312,000 after acquiring an additional 220 shares during the last quarter. Enterprise Financial Services Corp purchased a new stake in shares of Coca-Cola European Partners during the second quarter valued at approximately $25,000. FTB Advisors Inc. purchased a new stake in shares of Coca-Cola European Partners during the second quarter valued at approximately $25,000. Zions Bancorporation N.A. purchased a new stake in shares of Coca-Cola European Partners during the second quarter valued at approximately $26,000. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of Coca-Cola European Partners during the second quarter valued at approximately $26,000. 29.17% of the stock is owned by institutional investors.

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

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