Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $77.00 at Deutsche Bank Aktiengesellschaft

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target increased by Deutsche Bank Aktiengesellschaft from $68.00 to $77.00 in a research report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Argus raised their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a buy rating in a research note on Tuesday, March 19th. 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 note on Monday, February 26th. BNP Paribas upgraded Coca-Cola Europacific Partners from a neutral rating to an outperform rating and set a $79.00 price target for the company in a research note on Friday, January 12th. Barclays boosted their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola Europacific Partners from $72.50 to $77.00 and gave the company an overweight rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $74.02.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $69.95 on Thursday. Coca-Cola Europacific Partners has a 12-month low of $56.28 and a 12-month high of $72.67. The business’s fifty day simple moving average is $69.25 and its 200-day simple moving average is $64.64. 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 (NASDAQ:CCEP) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. On average, analysts expect that Coca-Cola Europacific Partners will post 4.18 earnings per share for the current year.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $28,000. Harbour Investments Inc. purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $31,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $33,000. Benjamin F. Edwards & Company Inc. raised its position in Coca-Cola Europacific Partners by 220.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock valued at $34,000 after acquiring an additional 352 shares in the last quarter. Finally, KB Financial Partners LLC acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $33,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola Europacific Partners

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.