BidaskClub upgraded shares of Coca-Cola European Partners PLC (NYSE:CCE) from a hold rating to a buy rating in a report published on Thursday morning.

CCE has been the subject of a number of other reports. Barclays PLC reiterated a buy rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. ABN Amro reiterated a sell rating on shares of Coca-Cola European Partners PLC in a report on Friday, April 28th. Jefferies Group LLC reiterated a hold rating and issued a $42.00 price objective on shares of Coca-Cola European Partners PLC in a report on Wednesday, June 14th. Zacks Investment Research upgraded Coca-Cola European Partners PLC from a hold rating to a buy rating and set a $45.00 price objective for the company in a report on Monday, July 10th. Finally, TheStreet upgraded Coca-Cola European Partners PLC from a c+ rating to a b rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $43.57.

Shares of Coca-Cola European Partners PLC (NYSE CCE) traded up 0.07% during mid-day trading on Thursday, hitting $43.73. The stock had a trading volume of 480,243 shares. The stock has a market cap of $20.74 billion, a P/E ratio of 26.58 and a beta of 0.95. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.18. The firm has a 50 day moving average price of $41.49 and a 200-day moving average price of $38.34.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Coca-Cola European Partners PLC had a return on equity of 15.29% and a net margin of 6.35%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned $0.41 EPS. On average, equities research analysts forecast that Coca-Cola European Partners PLC will post $2.48 EPS for the current year.

WARNING: This report was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/07/bidaskclub-upgrades-coca-cola-european-partners-plc-nysecce-to-buy.html.

A number of large investors have recently modified their holdings of the stock. Suntrust Banks Inc. boosted its stake in shares of Coca-Cola European Partners PLC by 0.9% in the first quarter. Suntrust Banks Inc. now owns 8,690 shares of the company’s stock valued at $325,000 after buying an additional 78 shares in the last quarter. Boston Advisors LLC boosted its stake in shares of Coca-Cola European Partners PLC by 0.6% in the first quarter. Boston Advisors LLC now owns 16,094 shares of the company’s stock valued at $607,000 after buying an additional 101 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Coca-Cola European Partners PLC by 1.6% in the first quarter. Wetherby Asset Management Inc. now owns 9,292 shares of the company’s stock valued at $350,000 after buying an additional 146 shares in the last quarter. First Manhattan Co. boosted its stake in shares of Coca-Cola European Partners PLC by 1.7% in the first quarter. First Manhattan Co. now owns 10,922 shares of the company’s stock valued at $435,000 after buying an additional 187 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Coca-Cola European Partners PLC by 4.6% in the first quarter. CENTRAL TRUST Co now owns 6,845 shares of the company’s stock valued at $258,000 after buying an additional 300 shares in the last quarter. Institutional investors own 31.75% of the company’s stock.

Coca-Cola European Partners PLC 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.

Analyst Recommendations for Coca-Cola European Partners PLC (NYSE:CCE)

Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with MarketBeat.com's FREE daily email newsletter.