Coca-Cola European Partners (CCE) Receives New Coverage from Analysts at Deutsche Bank
Deutsche Bank began coverage on shares of Coca-Cola European Partners (NYSE:CCE) in a report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $43.00 target price on the stock.
CCE has been the subject of several other reports. Susquehanna Bancshares set a $33.00 target price on Coca-Cola European Partners and gave the company a sell rating in a research note on Wednesday, November 29th. UBS downgraded Coca-Cola European Partners to a neutral rating in a research note on Monday, November 13th. Zacks Investment Research upgraded Coca-Cola European Partners from a sell rating to a hold rating in a research note on Tuesday, November 7th. Macquarie assumed coverage on Coca-Cola European Partners in a research note on Thursday, September 14th. They issued an outperform rating and a $46.00 target price for the company. Finally, Jefferies Group restated a hold rating and issued a $45.00 target price on shares of Coca-Cola European Partners in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Coca-Cola European Partners presently has a consensus rating of Hold and an average price target of $44.50.
Shares of Coca-Cola European Partners (NYSE CCE) opened at $39.19 on Wednesday. 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 has a 1-year low of $31.09 and a 1-year high of $44.75. The firm has a market capitalization of $18,982.93, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91.
Coca-Cola European Partners (NYSE:CCE) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.12). Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s revenue was down .7% on a year-over-year basis. sell-side analysts predict that Coca-Cola European Partners will post 2.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.96 annualized dividend and a dividend yield of 2.45%. Coca-Cola European Partners’s dividend payout ratio is presently 54.86%.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Allied Advisory Services Inc. lifted its position in Coca-Cola European Partners by 0.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after acquiring an additional 30 shares in the last quarter. Keybank National Association OH lifted its position in Coca-Cola European Partners by 1.2% in the 2nd quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after acquiring an additional 83 shares in the last quarter. Raymond James Trust N.A. lifted its position in Coca-Cola European Partners by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after acquiring an additional 104 shares in the last quarter. Suntrust Banks Inc. lifted its position in Coca-Cola European Partners by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock valued at $360,000 after acquiring an additional 204 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in Coca-Cola European Partners by 3.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after acquiring an additional 382 shares in the last quarter. Institutional investors own 29.35% of the company’s stock.
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.
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