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 most optimistic price target was 41.8, which equates to a potential upside of -3.15 percent. The minimum price target given was 32, which equates to a potential downside of -25.86 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.03 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -0.82 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 2.22 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.89 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 4 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
CCE has an estimated earnings growth rate of 63.68 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, 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, 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.
In the trailing 52-weeks, CCE hit 43.59 at the highest peak, while it's lowest trading point was 30.55. Today's price is 41.28 percent above the 52-week low, and 0.99 percent below the 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 will post this quarters earnings in days, on 0000-00-00.