Coca-Cola Europacific Partners (CCEP) to Release Quarterly Earnings on Friday

Coca-Cola Europacific Partners (NASDAQ:CCEP) is anticipated to issue its quarterly earnings data before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $10.98 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Coca-Cola Europacific Partners Stock Up 0.4 %

NASDAQ CCEP opened at $87.55 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company’s 50 day simple moving average is $78.68 and its 200 day simple moving average is $78.36. Coca-Cola Europacific Partners has a 12 month low of $65.94 and a 12 month high of $88.39. The company has a market capitalization of $40.36 billion, a P/E ratio of 18.01, a PEG ratio of 4.89 and a beta of 0.91.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCEP. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

About Coca-Cola Europacific Partners

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