Analyst Ratings for Coca-Cola European Partners PLC (CCE)Updated: 2017-07-28
Shares of Coca-Cola European Partners PLC (NYSE:CCE) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for CCE last month.
22 analysts issued ratings on the stock, where 8 gave CCE a buy rating, 1 issued an overweight rating, 11 issued a hold rating, 0 gave an underweight rating, and 2 issued a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
CCE was given price targets by several analysts. The most optimistic price target was 41.8, which equates to a potential upside of -3.15 percent. The lowest price target was 32, which equates to a potential downside of -25.86 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.03 percent. That number becomes -0.82 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 2.22 percent. If we look at the last 90 days instead, we find a net average change of 3.89 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of CCE to grow at a rate of 63.68 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CCE has a PEG ratio of 0.47.
CCE has a 52-week high of 43.59 and a 52-week low of 30.55. The current market price is above the trailing year's low by 41.28 percent, and 0.99 percent lower than its 52-week high. CCE has a P/E ratio of 29.97. Investors typically compare the P/E ratio to a company's peers in the industry. The CCE value stock report compares CCE to some of its peers using value stock charts. The stock has a market capitalization of $17.9 billion. CCE's next earnings release will be on 0000-00-00, which is days away.