Analysts at Macquarie initiated coverage on shares of Coca-Cola European Partners plc (NYSE:CCE) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Several other brokerages also recently commented on CCE. BidaskClub downgraded shares of Coca-Cola European Partners plc from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Barclays PLC reaffirmed a “buy” rating and set a $46.00 price objective on shares of Coca-Cola European Partners plc in a research report on Friday, July 21st. UBS AG reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners plc in a research report on Monday, August 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 price objective on shares of Coca-Cola European Partners plc in a research report on Wednesday, June 14th. Finally, Zacks Investment Research downgraded shares of Coca-Cola European Partners plc from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $45.13.

Shares of Coca-Cola European Partners plc (CCE) traded down 1.23% on Thursday, reaching $40.87. 856,339 shares of the company were exchanged. Coca-Cola European Partners plc has a 12 month low of $30.55 and a 12 month high of $44.75. The company’s 50-day moving average price is $43.19 and its 200 day moving average price is $40.13. The company has a market cap of $19.79 billion, a price-to-earnings ratio of 21.32 and a beta of 0.96.

Coca-Cola European Partners plc (NYSE:CCE) last released its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. Coca-Cola European Partners plc had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, equities research analysts expect that Coca-Cola European Partners plc will post $2.57 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCE. Jacobus Wealth Management Inc. bought a new stake in shares of Coca-Cola European Partners plc during the 1st quarter worth $115,000. SG Americas Securities LLC bought a new stake in shares of Coca-Cola European Partners plc during the 2nd quarter worth $120,000. Advisor Group Inc. raised its stake in shares of Coca-Cola European Partners plc by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares during the period. Phocas Financial Corp. bought a new stake in shares of Coca-Cola European Partners plc during the 2nd quarter worth $182,000. Finally, Fulton Bank N.A. bought a new stake in shares of Coca-Cola European Partners plc during the 2nd quarter worth $201,000. Institutional investors own 29.74% of the company’s stock.

About Coca-Cola European Partners plc

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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Analyst Recommendations for Coca-Cola European Partners plc (NYSE:CCE)

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