Coca-Cola Enterprises Hits New 12-Month High at $48.13 (CCE)
Coca-Cola Enterprises (NYSE:CCE)’s share price hit a new 52-week high during mid-day trading on Friday , AmericanBankingNews.com reports. The company traded as high as $48.13 and last traded at $48.00, with a volume of 2,002,674 shares changing hands. The stock had previously closed at $47.64.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Coca-Cola Enterprises from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $50.00 price target on the stock, up previously from $44.58. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note on Thursday, June 12th. They now have a $47.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Coca-Cola Enterprises in a research note on Monday, June 9th. They set a “hold” rating and a $45.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.66.
The stock has a 50-day moving average of $46.14 and a 200-day moving average of $45.42. The company has a market cap of $12.018 billion and a P/E ratio of 17.63.
Coca-Cola Enterprises (NYSE:CCE) last announced its 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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