Coca-Cola European Partners PLC (CCE) Stock Rating Lowered by UBS AG

Coca-Cola European Partners PLC (NYSE:CCE) was downgraded by equities research analysts at UBS AG to a “neutral” rating in a research report issued to clients and investors on Monday.

Several other research firms have also recently issued reports on CCE. Barclays PLC set a $47.00 target price on Coca-Cola European Partners PLC and gave the company a “buy” rating in a research note on Sunday, August 13th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. BidaskClub upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc restated a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.88.

Coca-Cola European Partners PLC (CCE) opened at $39.34 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.75. The stock has a market capitalization of $19,094.32, a P/E ratio of 16.92, a PEG ratio of 2.08 and a beta of 0.94.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.12). Coca-Cola European Partners PLC had a net margin of 6.78% and a return on equity of 15.60%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm posted $0.67 earnings per share. Coca-Cola European Partners PLC’s quarterly revenue was down .7% on a year-over-year basis. sell-side analysts anticipate that Coca-Cola European Partners PLC will post 2.45 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its holdings in Coca-Cola European Partners PLC by 35.5% in the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Coca-Cola European Partners PLC by 50.3% in the second quarter. BNP Paribas Arbitrage SA now owns 84,454 shares of the company’s stock worth $3,435,000 after acquiring an additional 28,248 shares in the last quarter. D L Carlson Investment Group Inc. boosted its holdings in Coca-Cola European Partners PLC by 49.3% in the second quarter. D L Carlson Investment Group Inc. now owns 127,565 shares of the company’s stock worth $5,188,000 after acquiring an additional 42,120 shares in the last quarter. Apertura Capital LLC boosted its holdings in Coca-Cola European Partners PLC by 16.7% in the second quarter. Apertura Capital LLC now owns 700,000 shares of the company’s stock worth $28,469,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Bridgewater Associates LP bought a new stake in Coca-Cola European Partners PLC in the second quarter worth $1,592,000. 29.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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