Coca-Cola European Partners (NYSE:CCEP) PT Raised to $60.00

Coca-Cola European Partners (NYSE:CCEP) had its target price increased by analysts at Cfra from $56.00 to $60.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the stock. Cfra’s target price indicates a potential upside of 9.07% from the company’s current price.

CCEP has been the topic of several other research reports. ValuEngine raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Coca-Cola European Partners from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $55.50 to $62.00 in a research report on Wednesday, January 15th. Zacks Investment Research raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Friday, January 3rd. UBS Group boosted their price target on shares of Coca-Cola European Partners from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Argus cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Coca-Cola European Partners has a consensus rating of “Buy” and an average price target of $60.13.

Shares of Coca-Cola European Partners stock traded up $0.36 during trading hours on Friday, reaching $55.01. 32,163 shares of the company’s stock were exchanged, compared to its average volume of 893,776. Coca-Cola European Partners has a 1 year low of $46.22 and a 1 year high of $58.94. The company has a market capitalization of $26.00 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.96 and a beta of 0.35. The business has a fifty day moving average of $52.34 and a two-hundred day moving average of $53.56. 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 CCEP. Whittier Trust Co. increased its stake in shares of Coca-Cola European Partners by 13.6% during the fourth quarter. Whittier Trust Co. now owns 1,646 shares of the company’s stock worth $84,000 after buying an additional 197 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Coca-Cola European Partners by 2.8% during the third quarter. Sheets Smith Wealth Management now owns 7,662 shares of the company’s stock worth $425,000 after buying an additional 208 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Coca-Cola European Partners by 5.6% during the third quarter. Oppenheimer & Co. Inc. now owns 4,054 shares of the company’s stock worth $225,000 after buying an additional 214 shares during the period. American International Group Inc. increased its stake in shares of Coca-Cola European Partners by 0.7% during the fourth quarter. American International Group Inc. now owns 32,897 shares of the company’s stock worth $1,674,000 after buying an additional 238 shares during the period. Finally, Wetherby Asset Management Inc. increased its stake in shares of Coca-Cola European Partners by 2.1% during the third quarter. Wetherby Asset Management Inc. now owns 11,858 shares of the company’s stock worth $658,000 after buying an additional 244 shares during the period. 27.65% of the stock is currently owned by institutional investors and hedge funds.

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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