Coca-Cola European Partners (CCE) Price Target Cut to $30.00

Coca-Cola European Partners (NYSE:CCE) had its target price lowered by stock analysts at Susquehanna Bancshares from $33.00 to $30.00 in a research note issued to investors on Monday. The brokerage currently has a “negative” rating on the stock. Susquehanna Bancshares’ price objective indicates a potential downside of 19.74% from the company’s previous close.

A number of other brokerages have also issued reports on CCE. Zacks Investment Research lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Macquarie lowered shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. Deutsche Bank initiated coverage on shares of Coca-Cola European Partners in a research report on Wednesday, December 13th. They set a “buy” rating and a $43.00 target price on the stock. Finally, UBS Group lowered shares of Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.00.

Shares of Coca-Cola European Partners (NYSE CCE) traded up $0.17 during trading on Monday, hitting $37.38. 2,217,685 shares of the stock were exchanged, compared to its average volume of 1,836,368. Coca-Cola European Partners has a twelve month low of $34.36 and a twelve month high of $44.75. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $18,023.84, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.82.

A number of institutional investors and hedge funds have recently modified their holdings of CCE. BlackRock Inc. lifted its holdings in shares of Coca-Cola European Partners by 122.8% in the fourth quarter. BlackRock Inc. now owns 4,204,170 shares of the company’s stock valued at $167,539,000 after purchasing an additional 2,317,252 shares in the last quarter. Cannell Peter B & Co. Inc. purchased a new stake in shares of Coca-Cola European Partners in the third quarter valued at about $35,993,000. First Eagle Investment Management LLC lifted its holdings in shares of Coca-Cola European Partners by 14.6% in the third quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock valued at $265,274,000 after purchasing an additional 811,835 shares in the last quarter. Boston Partners lifted its holdings in shares of Coca-Cola European Partners by 7.5% in the fourth quarter. Boston Partners now owns 11,303,329 shares of the company’s stock valued at $450,438,000 after purchasing an additional 789,615 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Coca-Cola European Partners by 6.4% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock valued at $478,918,000 after purchasing an additional 692,923 shares in the last quarter. Institutional investors own 28.32% of the company’s stock.

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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.

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

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