Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $85.00 at Argus

Coca-Cola Europacific Partners (NASDAQ:CCEPFree Report) had its price objective hoisted by Argus from $72.00 to $85.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Barclays boosted their price objective on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. The Goldman Sachs Group raised Coca-Cola Europacific Partners from a neutral rating to a buy rating and upped their price target for the company from $61.00 to $70.00 in a report on Monday, December 4th. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a buy rating in a research note on Monday, February 26th. JPMorgan Chase & Co. boosted their price objective on Coca-Cola Europacific Partners from $72.50 to $77.00 and gave the company an overweight rating in a research note on Wednesday, November 29th. Finally, StockNews.com upgraded Coca-Cola Europacific Partners from a hold rating to a buy rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $73.68.

Check Out Our Latest Analysis on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Stock Down 0.5 %

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

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

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $28,000. Harbour Investments Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $31,000. KB Financial Partners LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth about $33,000. Voisard Asset Management Group Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 220.0% in 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 during the period. 29.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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

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