Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price Expected to Rise, UBS Group Analyst Says

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) had its target price increased by research analysts at UBS Group from $96.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 11.52% from the company's current price.

Several other research firms have also weighed in on CCEP. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Evercore ISI lifted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average price target of $88.50.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.04 during trading on Wednesday, reaching $89.67. The company had a trading volume of 395,840 shares, compared to its average volume of 1,716,835. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm's 50-day simple moving average is $86.11 and its 200 day simple moving average is $80.91. The firm has a market capitalization of $41.33 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners has a 1-year low of $70.82 and a 1-year high of $91.29.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several large investors have recently bought and sold shares of CCEP. NBC Securities Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. boosted its stake in Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after purchasing an additional 245 shares during the period. Optiver Holding B.V. purchased a new position in Coca-Cola Europacific Partners during the 4th quarter worth $29,000. Finally, HM Payson & Co. acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at $33,000. Hedge funds and other 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.