Analysts Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Price Target at $80.88

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $80.88.

Several research firms recently weighed in on CCEP. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Tuesday, September 10th. Finally, Bank of America lifted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of institutional investors have recently made changes to their positions in CCEP. Crewe Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $36,000. New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at $36,000. New Millennium Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter valued at $37,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.1 %

Shares of NASDAQ:CCEP opened at $77.98 on Thursday. The stock’s 50-day moving average is $79.04 and its 200 day moving average is $75.01. The company has a market cap of $35.62 billion, a PE ratio of 16.63, a P/E/G ratio of 3.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a 1 year low of $57.48 and a 1 year high of $82.32.

Coca-Cola Europacific Partners Company Profile

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.