The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) hit a new 52-week low and has $30.99 target or 6.00% below today’s $32.97 share price. The 7 months bearish chart indicates high risk for the $16.15B company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $30.99 price target is reached, the company will be worth $969.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.20M shares traded hands. Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has declined 35.21% since April 26, 2016 and is downtrending. It has underperformed by 40.47% the S&P500.
Analysts await Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) to report earnings on February, 9. They expect $0.45 earnings per share, down 15.09% or $0.08 from last year’s $0.53 per share. CCE’s profit will be $220.43M for 18.32 P/E if the $0.45 EPS becomes a reality. After $0.74 actual earnings per share reported by Coca-Cola European Partners plc Ordinary Shares for the previous quarter, Wall Street now forecasts -39.19% negative EPS growth.
Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) Ratings Coverage
Out of 21 analysts covering Coca-Cola Enterprises Inc. (NYSE:CCE), 7 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 33% are positive. Coca-Cola Enterprises Inc. has been the topic of 37 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by UBS given on Friday, July 31. The rating was upgraded by Credit Agricole to “Underperform” on Thursday, August 13. On Wednesday, August 26 the stock rating was downgraded by Zacks to “Buy”. On Wednesday, June 1 the stock rating was initiated by Bank of America with “Buy”. The firm earned “Buy” rating on Tuesday, September 1 by Zacks. The firm has “Neutral” rating by Susquehanna given on Friday, February 5. The company was maintained on Friday, August 7 by Citigroup. The firm has “Buy” rating given on Tuesday, July 19 by Societe Generale. On Tuesday, September 8 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Argus Research downgraded Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) on Thursday, August 6 to “Sell” rating.
According to Zacks Investment Research, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom.”
Insitutional Activity: The institutional sentiment increased to 0.14 in Q2 2016. Its up 0.13, from 0.01 in 2016Q1. The ratio increased, as 370 funds sold all Coca-Cola European Partners plc Ordinary Shares shares owned while 2 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 1.93 million shares or 98.97% less from 187.11 million shares in 2016Q1.
Ar Asset Mgmt Inc has 27,000 shares for 0.4% of their US portfolio. Green Square Cap Ltd Liability Co holds 26,654 shares or 0.23% of its portfolio. Palo Capital Inc reported 11,306 shares or 0.14% of all its holdings. Meeder Asset Mgmt has invested 0.01% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE). Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 683,383 shares. Tourbillon Capital Prns Lp accumulated 900,800 shares or 0.64% of the stock. Janney Montgomery Scott Limited Liability holds 0.06% or 70,809 shares in its portfolio. Adirondack Rech & Management reported 12,300 shares or 0.16% of all its holdings. Focused Wealth Management accumulated 1,102 shares or 0.02% of the stock. Great West Life Assurance Communication Can has 0.02% invested in the company for 135,084 shares. The United Kingdom-based Gsa Capital Ptnrs Llp has invested 0.11% in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE).
More notable recent Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) news were published by: Finance.Yahoo.com which released: “CCE : Summary for Coca-Cola European Partners plc – Yahoo Finance” on April 11, 2014, also Businesswire.com with their article: “COCA-COLA European Partners Plc: Voting Rights and Capital” published on November 01, 2016, Businesswire.com published: “Coca-Cola Enterprises, Inc. Announces Approval of Prospectus Prepared by Coca …” on May 25, 2016. More interesting news about Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) were released by: Businesswire.com and their article: “Coca-Cola European Partners: Voting Rights and Capital” published on June 30, 2016 as well as Businesswire.com‘s news article titled: “Coca-Cola European Partners Plc Admission to Listing and Trading” with publication date: June 02, 2016.
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