Coca-Cola European Partners (NYSE:CCE) received a $33.00 target price from investment analysts at Susquehanna Bancshares in a report issued on Wednesday. The brokerage presently has a “sell” rating on the stock. Susquehanna Bancshares’ target price would suggest a potential downside of 15.36% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Coca-Cola European Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. Barclays set a $47.00 price objective on shares of Coca-Cola European Partners and gave the company a “buy” rating in a research note on Sunday, August 13th. UBS lowered shares of Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th. Macquarie began coverage on Coca-Cola European Partners in a research report on Thursday, September 14th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, BidaskClub downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Coca-Cola European Partners presently has a consensus rating of “Hold” and an average price target of $44.88.

Shares of Coca-Cola European Partners (CCE) opened at $38.99 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $18,764.94, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. Coca-Cola European Partners has a 1-year low of $30.55 and a 1-year high of $44.75.

Coca-Cola European Partners (NYSE:CCE) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share 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 firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. sell-side analysts predict that Coca-Cola European Partners will post 2.45 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Coca-Cola European Partners in the 2nd quarter valued at $120,000. Advisor Group Inc. grew its stake in shares of Coca-Cola European Partners by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after buying an additional 939 shares during the period. Phocas Financial Corp. acquired a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at about $182,000. Shikiar Asset Management Inc. acquired a new stake in shares of Coca-Cola European Partners in the 2nd quarter valued at about $203,000. Finally, BB&T Securities LLC acquired a new stake in shares of Coca-Cola European Partners in the 3rd quarter valued at about $239,000. 29.35% of the stock is currently owned by institutional investors.

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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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