Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $90.00 at UBS Group

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target boosted by equities research analysts at UBS Group from $82.50 to $90.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 14.31% from the company’s previous close.

Several other analysts have also issued reports on the company. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Tuesday, September 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

Coca-Cola Europacific Partners Stock Down 0.2 %

CCEP stock traded down $0.14 during midday trading on Thursday, hitting $78.73. The company’s stock had a trading volume of 211,604 shares, compared to its average volume of 1,404,144. The company’s fifty day moving average price is $77.39 and its 200 day moving average price is $76.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a twelve month low of $63.80 and a twelve month high of $82.32. The stock has a market capitalization of $35.96 billion, a P/E ratio of 17.50, a PEG ratio of 3.79 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in Coca-Cola Europacific Partners by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock worth $3,424,000 after purchasing an additional 186 shares during the period. Genesee Capital Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 1.9% during the 2nd quarter. Genesee Capital Advisors LLC now owns 11,891 shares of the company’s stock worth $867,000 after buying an additional 217 shares during the last quarter. Raymond James & Associates boosted its stake in Coca-Cola Europacific Partners by 10.4% in the second quarter. Raymond James & Associates now owns 217,161 shares of the company’s stock valued at $15,825,000 after buying an additional 20,443 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Coca-Cola Europacific Partners by 8.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,202 shares of the company’s stock valued at $962,000 after acquiring an additional 996 shares during the last quarter. Finally, &PARTNERS raised its stake in Coca-Cola Europacific Partners by 175.7% during the second quarter. &PARTNERS now owns 8,138 shares of the company’s stock worth $593,000 after acquiring an additional 5,186 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

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.