Coca-Cola Enterprises PT Raised to $46.00 at Socgen (CCE)
Analysts at Socgen increased their target price on shares of Coca-Cola Enterprises (NYSE:CCE) from $42.50 to $46.00 in a research report issued to clients and investors on Friday, Analyst RN reports. Socgen’s target price indicates a potential upside of 3.60% from the company’s current price.
Coca-Cola Enterprises (NYSE:CCE) traded up 0.45% on Friday, hitting $44.40. 2,367,439 shares of the company’s stock traded hands. Coca-Cola Enterprises has a 1-year low of $33.81 and a 1-year high of $45.03. The stock has a 50-day moving average of $43.82 and a 200-day moving average of $41.05. The company has a market cap of $11.528 billion and a P/E ratio of 19.65.
Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Coca-Cola Enterprises will post $2.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Coca-Cola Enterprises’s previous quarterly dividend of $0.20.
CCE has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note to investors on Thursday. They now have a $46.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Coca-Cola Enterprises in a research note to investors on Friday, December 20th. They now have a $47.00 price target on the stock, up previously from $45.00. Finally, analysts at Nomura raised their price target on shares of Coca-Cola Enterprises from $42.00 to $43.50 in a research note to investors on Friday, December 20th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Coca-Cola Enterprises has a consensus rating of “Hold” and a consensus target price of $45.31.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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