Evercore ISI Forecasts Strong Price Appreciation for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target lifted by Evercore ISI from $78.00 to $82.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

CCEP has been the subject of several other research reports. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Bank of America lifted their price objective on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.00.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $76.68 on Wednesday. The company has a fifty day simple moving average of $78.70 and a two-hundred day simple moving average of $75.58. Coca-Cola Europacific Partners has a 52 week low of $59.31 and a 52 week high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCEP. Whittier Trust Co. of Nevada Inc. grew its stake 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 acquiring an additional 139 shares in the last quarter. New Millennium Group LLC bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at $37,000. Crewe Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. New Covenant Trust Company N.A. purchased a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. Finally, Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

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.