FY2022 EPS Estimates for Coca-Cola European Partners plc (NYSE:CCEP) Lowered by Jefferies Financial Group


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Coca-Cola European Partners plc (NYSE:CCEP) – Research analysts at Jefferies Financial Group reduced their FY2022 EPS estimates for shares of Coca-Cola European Partners in a report issued on Tuesday, April 6th. Jefferies Financial Group analyst E. Mundy now forecasts that the company will earn $2.94 per share for the year, down from their prior estimate of $3.03. Jefferies Financial Group also issued estimates for Coca-Cola European Partners’ FY2023 earnings at $3.06 EPS.

CCEP has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut Coca-Cola European Partners from a “buy” rating to a “hold” rating and cut their price target for the stock from $52.00 to $50.00 in a research note on Thursday, January 14th. Citigroup upgraded Coca-Cola European Partners from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, February 17th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coca-Cola European Partners in a research report on Friday, February 12th. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 10th. Finally, Kepler Capital Markets reiterated a “buy” rating on shares of Coca-Cola European Partners in a research report on Monday, December 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.63.

Coca-Cola European Partners stock opened at $51.78 on Thursday. Coca-Cola European Partners has a 12 month low of $34.02 and a 12 month high of $54.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.75. The business has a 50 day simple moving average of $52.32 and a 200-day simple moving average of $46.23. The stock has a market capitalization of $25.08 billion, a PE ratio of 18.30 and a beta of 0.78.

Institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Coca-Cola European Partners during the fourth quarter valued at $26,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Coca-Cola European Partners during the fourth quarter valued at $31,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Coca-Cola European Partners during the fourth quarter valued at $34,000. Montag A & Associates Inc. acquired a new stake in shares of Coca-Cola European Partners during the fourth quarter valued at $40,000. Finally, Veriti Management LLC acquired a new stake in shares of Coca-Cola European Partners during the fourth quarter valued at $44,000. 23.70% of the stock is currently owned by institutional investors.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, flavored water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.

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Earnings History and Estimates for Coca-Cola European Partners (NYSE:CCEP)

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