Coca-Cola European Partners (NYSE:CCEP) Raised to Buy at Jefferies Financial Group

Coca-Cola European Partners (NYSE:CCEP) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Monday, January 7th, The Fly reports. Jefferies Financial Group also issued estimates for Coca-Cola European Partners’ Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.63 EPS, FY2019 earnings at $2.95 EPS and FY2020 earnings at $3.27 EPS.

A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Zacks Investment Research cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th.

NYSE:CCEP opened at $47.34 on Monday. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.01 and a quick ratio of 0.81. Coca-Cola European Partners has a twelve month low of $36.17 and a twelve month high of $49.43.

Coca-Cola European Partners (NYSE:CCEP) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. Coca-Cola European Partners had a net margin of 6.26% and a return on equity of 16.36%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.69 billion. On average, sell-side analysts forecast that Coca-Cola European Partners will post 2.7 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Covington Capital Management acquired a new position in Coca-Cola European Partners during the third quarter worth approximately $136,000. Vectors Research Management LLC bought a new position in Coca-Cola European Partners during the 3rd quarter valued at $202,000. King Luther Capital Management Corp bought a new position in Coca-Cola European Partners during the 3rd quarter valued at $214,000. Signaturefd LLC bought a new position in Coca-Cola European Partners during the 3rd quarter valued at $244,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Coca-Cola European Partners during the third quarter worth $300,000. 31.51% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.

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