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Wednesday, January 20, 2021

Is the Rough Ride Over for Coca-Cola European Partners plc (CCEP)

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Coca-Cola European Partners plc (CCEP) shares are trading at higher $45.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $48.47.

To add more color to this target, the company’s high over the last year is $57.11 and the low is $28.35. Over the last 52 weeks, CCEP is down -10.02% while the S&P 500 is up 17.45%. 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 0.49 and outstanding shares of 454.16M.

Company Outlook

CCEP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.22 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.83. 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 21.01B and a float of 199.52M. 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.

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