Coca-Cola Enterprises Inc. (NYSE:CCE) gapped up prior to trading on Tuesday . The stock had previously closed at $36.74, but opened at $36.80. Coca-Cola Enterprises shares last traded at $37.37, with a volume of 836,062 shares changing hands.

A number of equities research analysts have recently weighed in on the stock. Susquehanna restated a “hold” rating on shares of Coca-Cola Enterprises in a report on Sunday, July 17th. Zacks Investment Research lowered shares of Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Evercore ISI upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Stifel Nicolaus upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, April 14th. They noted that the move was a valuation call. Finally, Vetr upgraded shares of Coca-Cola Enterprises from a “buy” rating to a “strong-buy” rating and set a $59.37 price objective on the stock in a report on Monday, May 16th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.81.

The firm’s 50 day moving average is $36.56 and its 200 day moving average is $45.62. The stock has a market cap of $18.25 billion and a price-to-earnings ratio of 25.97.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of Coca-Cola Enterprises by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 320,883 shares of the company’s stock valued at $15,800,000 after buying an additional 1,826 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of 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 valued at $1,408,000 after buying an additional 1,074 shares during the period. Schroder Investment Management Group increased its position in shares of Coca-Cola Enterprises by 2.3% in the fourth quarter. Schroder Investment Management Group now owns 144,422 shares of the company’s stock valued at $7,111,000 after buying an additional 3,304 shares during the period. Stephens Inc. AR increased its position in shares of Coca-Cola Enterprises by 2.8% in the fourth quarter. Stephens Inc. AR now owns 35,889 shares of the company’s stock valued at $1,767,000 after buying an additional 961 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Coca-Cola Enterprises by 245.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 707,234 shares of the company’s stock valued at $34,824,000 after buying an additional 502,361 shares during the period.

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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