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.
Many analysts weighed in on price targets for CCE. The highest price target was 41.8, implying a possible profit of -3.15 percent. The minimum price target given was 32, which equates to a potential downside of -25.86 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 4 analysts increased their quarterly estimates, while 1 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, 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 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.