Coca-Cola Enterprises Inc. (NYSE:CCE)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $34.55, but opened at $34.79. Coca-Cola Enterprises shares last traded at $35.33, with a volume of 2,114,462 shares trading hands.

A number of equities analysts recently commented on CCE shares. Bank of America Corp. reissued a “buy” rating and set a $58.00 price target (up from $56.00) on shares of Coca-Cola Enterprises in a research note on Friday, April 15th. Stifel Nicolaus raised Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Thursday, April 14th. They noted that the move was a valuation call. Zacks Investment Research raised Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Wednesday, April 13th. Vetr raised Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $54.87 price objective for the company in a research note on Wednesday, April 6th. Finally, Evercore ISI raised Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.78.

The company has a market cap of $17.36 billion and a price-to-earnings ratio of 24.71. The stock’s 50-day moving average price is $40.08 and its 200 day moving average price is $47.39.

Coca-Cola Enterprises (NYSE:CCE) last issued its earnings results on Thursday, April 28th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts anticipate that Coca-Cola Enterprises Inc. will post $2.31 earnings per share for the current fiscal year.

Several hedge funds and institutional investors recently modified their holdings of the company. State of Wisconsin Investment Board boosted its position in shares of Coca-Cola Enterprises by 11.7% in the fourth quarter. State of Wisconsin Investment Board now owns 440,897 shares of the company’s stock valued at $21,710,000 after buying an additional 46,260 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Coca-Cola Enterprises by 4.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,430,366 shares of the company’s stock valued at $70,435,000 after buying an additional 55,106 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Coca-Cola Enterprises by 0.8% in the fourth quarter. ProShare Advisors LLC now owns 52,415 shares of the company’s stock valued at $2,581,000 after buying an additional 435 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Coca-Cola Enterprises by 202.9% in the fourth quarter. Engineers Gate Manager LP now owns 20,600 shares of the company’s stock valued at $1,014,000 after buying an additional 13,800 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Coca-Cola Enterprises by 8.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 82,345 shares of the company’s stock valued at $4,055,000 after buying an additional 6,215 shares in the last quarter.

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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