Coca-Cola Europacific Partners (NYSE:CCEP – Free Report) had its price objective upped by analysts at Credit Suisse Group to €67.00 ($72.83) in a report issued on Friday, FlyOnTheWall reports.
A number of other equities analysts have also recently issued reports on CCEP. Barclays upped their target price on Coca-Cola Europacific Partners from $73.00 to $75.00 in a report on Thursday, April 27th. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola Europacific Partners from $66.50 to $75.50 in a research report on Wednesday. Argus increased their price objective on Coca-Cola Europacific Partners from $62.00 to $72.00 in a report on Friday, May 26th. StockNews.com downgraded Coca-Cola Europacific Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 11th. Finally, UBS Group lifted their price objective on Coca-Cola Europacific Partners from $68.00 to $71.00 in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.66.
Coca-Cola Europacific Partners Stock Down 0.7 %
NYSE:CCEP traded down $0.47 during mid-day trading on Friday, reaching $64.71. The stock had a trading volume of 646,663 shares, compared to its average volume of 1,112,891. The stock has a 50-day simple moving average of $64.65 and a two-hundred day simple moving average of $59.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 0.89. Coca-Cola Europacific Partners has a 12 month low of $41.80 and a 12 month high of $66.79.
Hedge Funds Weigh In On Coca-Cola Europacific Partners
Several institutional investors have recently bought and sold shares of CCEP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,234 shares of the company’s stock valued at $2,945,000 after buying an additional 200 shares in the last quarter. Neo Ivy Capital Management increased its holdings in Coca-Cola Europacific Partners by 26.5% during the 3rd quarter. Neo Ivy Capital Management now owns 1,002 shares of the company’s stock worth $43,000 after acquiring an additional 210 shares during the period. Commonwealth Equity Services LLC lifted its stake in Coca-Cola Europacific Partners by 0.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 29,967 shares of the company’s stock worth $1,773,000 after purchasing an additional 233 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,637 shares of the company’s stock valued at $312,000 after purchasing an additional 267 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Coca-Cola Europacific Partners by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,173 shares of the company’s stock valued at $690,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 29.37% of the company’s stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Coca-Cola Europacific Partners, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Coca-Cola Europacific Partners wasn’t on the list.
While Coca-Cola Europacific Partners currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
