Coca-Cola European Partners plc (CCEP) shares are trading at lower $38.29 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $47.49.
To add more color to this target, the company’s high over the last year is $57.67 and the low is $28.35. Over the last 52 weeks, CCEP is down -29.34% while the S&P 500 is up 12.53%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
CCEP booked profit margins of 6.40%. All told, it is clear that, CCEP needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CCEP has a short ratio of 1.22 and outstanding shares of 454.16M.
CCEP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.81. Coca-Cola European Partners plc CCEP also noted assets of $20.99 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CCEP has historically followed its peers on positive news.
All told, Coca-Cola European Partners plc CCEP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CCEP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Coca-Cola European Partners plc CCEP is now commanding a market cap of 17.60B and a float of 199.30M. CCEP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CCEP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CCEP, either long or short, and we have not been compensated for this article.