Coca-Cola European Partners (CCE) Upgraded by Susquehanna Bancshares to “Neutral”
Coca-Cola European Partners (NYSE:CCE) was upgraded by investment analysts at Susquehanna Bancshares from a “negative” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.
A number of other equities research analysts have also issued reports on the company. ValuEngine raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Macquarie raised Coca-Cola European Partners from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $48.00 in a research report on Tuesday, September 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $46.00 target price on shares of Coca-Cola European Partners in a research report on Wednesday, August 15th. Finally, Wells Fargo & Co boosted their target price on Coca-Cola European Partners from $39.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.43.
Shares of Coca-Cola European Partners stock opened at $45.50 on Friday. The firm has a market cap of $21.71 billion, a PE ratio of 17.31, a P/E/G ratio of 2.37 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 0.77. Coca-Cola European Partners has a 12-month low of $36.17 and a 12-month high of $45.88.
Large investors have recently bought and sold shares of the stock. Signaturefd LLC acquired a new position in Coca-Cola European Partners during the first quarter valued at $105,000. Mount Yale Investment Advisors LLC acquired a new position in Coca-Cola European Partners during the first quarter valued at $108,000. Cerebellum GP LLC acquired a new position in Coca-Cola European Partners during the second quarter valued at $180,000. Bayesian Capital Management LP acquired a new position in Coca-Cola European Partners during the first quarter valued at $229,000. Finally, First Trust Advisors LP acquired a new position in Coca-Cola European Partners during the second quarter valued at $228,000. 31.16% of the stock is currently owned by hedge funds and other institutional investors.
About Coca-Cola European Partners
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.
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