Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Get Free Report) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $108.5556.
CCEP has been the subject of several research analyst reports. UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Wells Fargo & Company increased their target price on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th.
Read Our Latest Stock Report on CCEP
Institutional Trading of Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Price Performance
Shares of CCEP stock opened at $107.78 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $106.70 and a 200-day simple moving average of $100.38. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $113.67.
Coca-Cola Europacific Partners Company Profile
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
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