Coca-Cola European Partners (NYSE:CCEP) Cut to Hold at Argus

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Argus downgraded shares of Coca-Cola European Partners (NYSE:CCEP) from a buy rating to a hold rating in a report published on Thursday morning, Briefing.com Automated Import reports.

CCEP has been the topic of several other research reports. Zacks Investment Research lowered Coca-Cola European Partners from a hold rating to a sell rating in a report on Monday, November 4th. Barclays set a $61.00 price target on Coca-Cola European Partners and gave the stock a buy rating in a research note on Friday, October 25th. Liberum Capital assumed coverage on Coca-Cola European Partners in a research note on Thursday, September 19th. They set a buy rating for the company. ValuEngine lowered shares of Coca-Cola European Partners from a hold rating to a sell rating in a research report on Tuesday, December 3rd. Finally, Evercore ISI reissued a buy rating and issued a $60.00 price objective on shares of Coca-Cola European Partners in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Coca-Cola European Partners currently has a consensus rating of Hold and a consensus target price of $58.80.

NYSE CCEP opened at $49.82 on Thursday. The business has a 50 day moving average price of $52.68 and a 200 day moving average price of $55.33. The company has a market capitalization of $24.13 billion, a P/E ratio of 18.32, a PEG ratio of 2.02 and a beta of 0.38. Coca-Cola European Partners has a 1-year low of $44.44 and a 1-year high of $58.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.62.

Institutional investors have recently modified their holdings of the stock. Enterprise Financial Services Corp acquired a new stake in Coca-Cola European Partners during the 2nd quarter valued at $25,000. FTB Advisors Inc. acquired a new position in shares of Coca-Cola European Partners in the second quarter worth $25,000. Pearl River Capital LLC purchased a new stake in shares of Coca-Cola European Partners in the second quarter valued at $29,000. Crewe Advisors LLC purchased a new stake in shares of Coca-Cola European Partners in the second quarter valued at $37,000. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Coca-Cola European Partners during the second quarter valued at $39,000. Hedge funds and other institutional investors own 28.47% of the company’s stock.

Coca-Cola European Partners Company Profile

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.

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

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