Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $90.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price upped by research analysts at Evercore ISI from $82.00 to $90.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 3.63% from the company’s previous close.

CCEP has been the topic of a number of other reports. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays decreased their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Stock Up 0.1 %

NASDAQ:CCEP opened at $86.85 on Tuesday. The business’s 50-day simple moving average is $77.97 and its two-hundred day simple moving average is $77.94. Coca-Cola Europacific Partners has a 52 week low of $65.94 and a 52 week high of $87.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after acquiring an additional 139 shares during the last quarter. Cibc World Markets Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after purchasing an additional 139 shares during the period. Janney Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 4.4% during the 3rd quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock valued at $269,000 after purchasing an additional 145 shares during the last quarter. TIAA Trust National Association raised its holdings in Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock valued at $263,000 after buying an additional 145 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its position in Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after buying an additional 150 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

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.