Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEPGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $71.46.

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Coca-Cola Europacific Partners from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $70.00 in a research note on Monday, December 4th. JPMorgan Chase & Co. raised their price target on Coca-Cola Europacific Partners from $72.50 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective for the company in a report on Friday, January 12th. Barclays increased their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, UBS Group boosted their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th.

Check Out Our Latest Stock Report on CCEP

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently modified their holdings of CCEP. GAMMA Investing LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $28,000. Harbour Investments Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $31,000. KB Financial Partners LLC bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $33,000. Voisard Asset Management Group Inc. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth $33,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Coca-Cola Europacific Partners by 220.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares in the last quarter. 29.50% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $70.95 on Wednesday. The business’s 50-day simple moving average is $68.64 and its 200 day simple moving average is $64.25. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners has a 12-month low of $55.49 and a 12-month high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEPGet Free Report) last issued its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. On average, equities analysts predict that Coca-Cola Europacific Partners will post 4.18 EPS for the current fiscal year.

About Coca-Cola Europacific Partners

(Get Free Report

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.

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Analyst Recommendations for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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