Coca-Cola European Partners (CCE) Rating Increased to Neutral at Susquehanna Bancshares
Coca-Cola European Partners (NYSE:CCE) was upgraded by investment analysts at Susquehanna Bancshares from a “negative” rating to a “neutral” rating in a research note issued to investors on Friday.
Other equities analysts have also issued reports about the stock. Macquarie set a $52.00 price target on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday. Bank of America boosted their target price on shares of Coca-Cola European Partners from $48.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 target price on shares of Coca-Cola European Partners in a report on Wednesday, August 15th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.43.
CCE traded up $0.32 on Friday, reaching $45.67. 17,014 shares of the company’s stock were exchanged, compared to its average volume of 1,150,463. The firm has a market capitalization of $21.71 billion, a PE ratio of 19.08, a PEG ratio of 2.37 and a beta of 0.70. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $45.46. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 0.77.
A number of large investors have recently bought and sold shares of CCE. Signaturefd LLC acquired a new position in Coca-Cola European Partners in the 1st quarter valued at about $105,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Coca-Cola European Partners in the 1st quarter valued at approximately $108,000. Cerebellum GP LLC purchased a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $180,000. First Trust Advisors LP purchased a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $228,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Coca-Cola European Partners in the 1st quarter valued at approximately $229,000. Institutional investors own 31.16% of the company’s stock.
Coca-Cola European Partners Company Profile
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.
Further Reading: Market Capitalization and Individual Investors
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