Coca-Cola European Partners (CCE) Research Coverage Started at Deutsche Bank
Investment analysts at Deutsche Bank assumed coverage on shares of Coca-Cola European Partners (NYSE:CCE) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other research analysts also recently commented on CCE. BidaskClub downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Coca-Cola European Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, September 11th. Jefferies Group reissued a “hold” rating and issued a $45.00 target price on shares of Coca-Cola European Partners in a report on Thursday, September 14th. Macquarie started coverage on Coca-Cola European Partners in a report on Thursday, September 14th. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, UBS downgraded Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Coca-Cola European Partners presently has an average rating of “Hold” and a consensus price target of $44.88.
Shares of Coca-Cola European Partners (NYSE CCE) traded down $0.26 on Wednesday, hitting $38.93. The stock had a trading volume of 1,334,947 shares, compared to its average volume of 1,355,934. The firm has a market cap of $19,031.35, a P/E ratio of 16.86, a P/E/G ratio of 2.08 and a beta of 0.91. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. Coca-Cola European Partners has a fifty-two week low of $31.01 and a fifty-two week high of $44.75.
Coca-Cola European Partners (NYSE:CCE) last announced its earnings results on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.12). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. sell-side analysts anticipate that Coca-Cola European Partners will post 2.45 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. First Allied Advisory Services Inc. lifted its holdings in Coca-Cola European Partners by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock worth $411,000 after buying an additional 30 shares in the last quarter. Keybank National Association OH lifted its holdings in Coca-Cola European Partners by 1.2% during the 2nd quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock worth $283,000 after buying an additional 83 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Coca-Cola European Partners by 1.8% during the 2nd quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock worth $243,000 after buying an additional 104 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in Coca-Cola European Partners by 2.3% during the 2nd quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock worth $360,000 after buying an additional 204 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Coca-Cola European Partners by 3.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock worth $427,000 after buying an additional 382 shares in the last quarter. 29.35% of the stock is currently owned by hedge funds and other institutional investors.
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About Coca-Cola European Partners
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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