Coca-Cola European Partners (CCE) PT Lowered to $30.00 at Susquehanna Bancshares

Coca-Cola European Partners (NYSE:CCE) had its target price lowered by Susquehanna Bancshares from $33.00 to $30.00 in a research note released on Monday morning, MarketBeat Ratings reports. The firm currently has a negative rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank started coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They set a buy rating and a $43.00 price target on the stock. Zacks Investment Research cut Coca-Cola European Partners from a buy rating to a hold rating in a report on Wednesday, January 10th. UBS Group cut Coca-Cola European Partners to a neutral rating in a report on Monday, November 13th. Finally, Macquarie cut Coca-Cola European Partners from an outperform rating to a neutral rating and set a $40.00 target price on the stock. in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Coca-Cola European Partners presently has a consensus rating of Hold and an average price target of $43.00.

Coca-Cola European Partners (CCE) opened at $37.22 on Monday. The stock has a market capitalization of $18,115.87, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.82. Coca-Cola European Partners has a twelve month low of $34.36 and a twelve month high of $44.75. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Zeke Capital Advisors LLC bought a new position in shares of Coca-Cola European Partners in the 4th quarter worth $799,000. Millennium Management LLC raised its position in Coca-Cola European Partners by 2.4% in the 4th quarter. Millennium Management LLC now owns 283,872 shares of the company’s stock valued at $11,312,000 after buying an additional 6,768 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Coca-Cola European Partners by 45.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 717,773 shares of the company’s stock valued at $28,603,000 after buying an additional 223,650 shares during the last quarter. Teachers Advisors LLC raised its position in Coca-Cola European Partners by 17.7% in the 4th quarter. Teachers Advisors LLC now owns 982,844 shares of the company’s stock valued at $39,166,000 after buying an additional 148,007 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in Coca-Cola European Partners in the 4th quarter valued at $5,822,000. Institutional investors own 28.32% of the company’s stock.

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Coca-Cola European Partners Company Profile

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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

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