Coca-Cola European Partners (NYSE:CCEP) Raised to “Sell” at ValuEngine

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ValuEngine upgraded shares of Coca-Cola European Partners (NYSE:CCEP) from a strong sell rating to a sell rating in a research report report published on Friday, November 1st, ValuEngine reports.

CCEP has been the subject of a number of other research reports. Barclays set a $61.00 price objective on Coca-Cola European Partners and gave the stock a buy rating in a research report on Friday, October 25th. Deutsche Bank reiterated a buy rating and set a $65.00 target price (up previously from $62.00) on shares of Coca-Cola European Partners in a report on Tuesday, October 15th. Evercore ISI reiterated a buy rating and set a $60.00 target price on shares of Coca-Cola European Partners in a report on Thursday, August 8th. Liberum Capital assumed coverage on Coca-Cola European Partners in a research report on Thursday, September 19th. They set a buy rating on the stock. Finally, Zacks Investment Research lowered Coca-Cola European Partners from a hold rating to a sell rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $58.80.

Shares of NYSE:CCEP traded up $0.15 during midday trading on Friday, hitting $51.29. 1,242,268 shares of the stock were exchanged, compared to its average volume of 1,169,129. The stock has a market cap of $25.18 billion, a P/E ratio of 18.86, a PEG ratio of 2.06 and a beta of 0.41. The company has a 50 day moving average price of $55.44 and a 200-day moving average price of $55.74. Coca-Cola European Partners has a twelve month low of $44.44 and a twelve month high of $58.94. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at approximately $634,950,000. Boston Partners bought a new position in shares of Coca-Cola European Partners in the second quarter worth $336,519,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Coca-Cola European Partners in the second quarter worth $240,454,000. Invesco Ltd. bought a new position in shares of Coca-Cola European Partners in the second quarter worth $230,595,000. Finally, Wells Fargo & Company MN bought a new position in shares of Coca-Cola European Partners in the second quarter worth $212,214,000. 29.14% of the stock is currently owned by institutional investors.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.

Further Reading: What does an outperform rating mean?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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