Shares of Coca-Cola European Partners plc (NYSE:CCE) have received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $42.33.

A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday. Jefferies Group reiterated a “hold” rating and set a $45.00 target price on shares of Coca-Cola European Partners in a research report on Thursday, September 14th. Susquehanna Bancshares lowered Coca-Cola European Partners from a “neutral” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $33.00 in a research report on Monday, November 13th. Macquarie assumed coverage on Coca-Cola European Partners in a research report on Thursday, September 14th. They set an “outperform” rating and a $46.00 target price on the stock. Finally, UBS Group lowered Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its stake in Coca-Cola European Partners by 6.8% in the 2nd quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock valued at $898,148,000 after purchasing an additional 1,398,929 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Coca-Cola European Partners by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock valued at $698,088,000 after purchasing an additional 139,127 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Coca-Cola European Partners by 6.4% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock valued at $478,918,000 after purchasing an additional 692,923 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Coca-Cola European Partners by 14.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock valued at $265,274,000 after purchasing an additional 811,835 shares during the last quarter. Finally, FMR LLC raised its stake in Coca-Cola European Partners by 1.2% in the 2nd quarter. FMR LLC now owns 5,029,177 shares of the company’s stock valued at $204,506,000 after purchasing an additional 60,036 shares during the last quarter. 29.33% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola European Partners (CCE) opened at $38.63 on Friday. Coca-Cola European Partners has a 52-week low of $31.95 and a 52-week high of $44.75. The stock has a market capitalization of $18,790.00, a P/E ratio of 22.29, a PEG ratio of 1.90 and a beta of 0.88. 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 announced its earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. analysts expect that Coca-Cola European Partners will post 2.45 earnings per share for the current fiscal year.

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About Coca-Cola European Partners

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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