Coca-Cola Enterprises Now Covered by Jefferies Group (CCE)
Research analysts at Jefferies Group assumed coverage on shares of Coca-Cola Enterprises (NYSE:CCE) in a report released on Monday. The firm set a “hold” rating and a $45.00 price target on the stock. Jefferies Group’s price target would indicate a potential downside of 1.70% from the stock’s previous close.
A number of other firms have also recently commented on CCE. Analysts at ISI Group initiated coverage on shares of Coca-Cola Enterprises in a research note on Wednesday, May 28th. They set a “neutral” rating and a $45.30 price target on the stock. Separately, analysts at Nomura downgraded shares of Coca-Cola Enterprises from a “neutral” rating to a “reduce” rating in a research note on Tuesday, April 29th. They now have a $41.00 price target on the stock, down previously from $44.50. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note on Friday, April 25th. They now have a $49.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Coca-Cola Enterprises currently has an average rating of “Hold” and a consensus price target of $46.59.
Coca-Cola Enterprises (NYSE:CCE) traded up 0.26% during mid-day trading on Monday, hitting $45.78. 1,301,226 shares of the company’s stock traded hands. Coca-Cola Enterprises has a 52-week low of $33.81 and a 52-week high of $48.04. The stock’s 50-day moving average is $46. and its 200-day moving average is $45.01. The company has a market cap of $11.510 billion and a P/E ratio of 16.90.
Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.44 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.44. The company had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.93 million. During the same quarter last year, the company posted $0.39 earnings per share. Coca-Cola Enterprises’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that Coca-Cola Enterprises will post $2.91 EPS for the current fiscal year.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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