Coca-Cola Enterprises Inc. (NYSE:CCE) shares gapped up prior to trading on Tuesday . The stock had previously closed at $36.77, but opened at $37.00. Coca-Cola Enterprises shares last traded at $37.37, with a volume of 2,740,105 shares.

CCE has been the topic of several recent research reports. Vetr lowered Coca-Cola Enterprises from a “strong-buy” rating to a “buy” rating and set a $58.52 price target on the stock. in a research report on Friday, April 29th. Bank of America Corp. restated a “buy” rating and issued a $58.00 price target (up from $56.00) on shares of Coca-Cola Enterprises in a research report on Friday, April 15th. Stifel Nicolaus upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, April 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, April 13th. Finally, Evercore ISI upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.78.

The company has a market cap of $18.30 billion and a price-to-earnings ratio of 26.04. The stock’s 50 day moving average price is $37.07 and its 200-day moving average price is $46.61.

Coca-Cola Enterprises (NYSE:CCE) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm earned $1.50 billion during the quarter, compared to the consensus estimate of $1.55 billion. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, analysts expect that Coca-Cola Enterprises Inc. will post $2.28 EPS for the current year.

Other hedge funds recently bought and sold shares of the company. Gulf International Bank UK Ltd increased its stake in Coca-Cola Enterprises by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 66,209 shares of the company’s stock worth $3,260,000 after buying an additional 260 shares in the last quarter. ProShare Advisors LLC increased its stake in Coca-Cola Enterprises by 0.8% in the fourth quarter. ProShare Advisors LLC now owns 52,415 shares of the company’s stock worth $2,581,000 after buying an additional 435 shares in the last quarter. Nationwide Fund Advisors increased its stake in Coca-Cola Enterprises by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 63,239 shares of the company’s stock worth $3,114,000 after buying an additional 516 shares in the last quarter. Stephens Inc. AR increased its stake in Coca-Cola Enterprises by 2.8% in the fourth quarter. Stephens Inc. AR now owns 35,889 shares of the company’s stock worth $1,767,000 after buying an additional 961 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Coca-Cola Enterprises by 3.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 28,598 shares of the company’s stock worth $1,408,000 after buying an additional 1,074 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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