Coca-Cola Enterprises Given Average Recommendation of “Hold” by Analysts (NYSE:CCE)
Shares of Coca-Cola Enterprises (NYSE:CCE) have earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, AmericanBankingNews.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $46.78.
Coca-Cola Enterprises (NYSE:CCE) traded down 1.04% on Monday, hitting $48.265. The stock had a trading volume of 205,951 shares. Coca-Cola Enterprises has a 52 week low of $36.58 and a 52 week high of $48.88. The stock has a 50-day moving average of $46.91 and a 200-day moving average of $46.06. The company has a market cap of $12.135 billion and a P/E ratio of 18.05. Coca-Cola Enterprises also saw a large growth in short interest in June. As of June 30th, there was short interest totalling 5,660,602 shares, a growth of 100.8% from the June 13th total of 2,819,262 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 3,711,102 shares, the days-to-cover ratio is currently 1.5 days.
Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Coca-Cola Enterprises will post $2.91 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CCE shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Coca-Cola Enterprises in a research note on Wednesday, July 16th. They now have a $52.00 price target on the stock, up previously from $50.00. Separately, 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. Finally, 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.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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