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.
Investment analysts gave a few price targets for CCE. The maximum price target given was 41.8, which equates to a potential upside of -3.15 percent. The minimum price target given was 32, implying potential capital losses of -25.86 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.03 percent. The average change in earnings estimates over the last 90 days is -0.82 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.22 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 3.89 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of CCE to grow at a rate of 63.68 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. CCE has a PEG ratio of 0.47.
CCE has traded between a high of 43.59 and a low of 30.55 over the past year. Currently the stock is 41.28 percent higher than its low, and below the high by 0.99 percent. 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 market cap of CCE is $17.9 billion. CCE will post this quarters earnings in days, on 0000-00-00.