Coca-Cola European Partners (CCE) Receives a Hold from Susquehanna

By Jason Carr

In a report released today, Pablo Zuanic from Susquehanna reiterated a Hold rating on Coca-Cola European Partners (NYSE: CCE), with a price target of $50. The company’s shares closed yesterday at $44.48.

Zuanic wrote:

“While we rate CCE Neutral (and only upgraded from Negative in mid Sep), we think smart adjustments to the recent tax changes in GB and France (leading to much higher rev/case and margins, with lower volume elasticity than expected), easier comps, warmer weather, and stock rebuilding at discounter Leclerc, will likely lead to upside for 3Q18 (we have taken our EPS estimate to €0.77 from €0.72 vs..”

According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 4.9% and a 49.3% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Craft Brewers Alliance.

Coca-Cola European Partners has an analyst consensus of Moderate Buy, with a price target consensus of $49.50.

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Coca-Cola European Partners’ market cap is currently $21.62B and has a P/E ratio of 27.44. The company has a Price to Book ratio of 2.71.

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Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. IT operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.