Why Coca-Cola Enterprises, Inc. (NYSE:CCE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $43.98 on Coca-Cola Enterprises, Inc. (NYSE:CCE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.27 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Coca-Cola Enterprises, Inc. (NYSE:CCE) stands at 27.06.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Coca-Cola European Partners plc, the PEG ratio for coming 3-5 years is 1.50.

Technical Analysis

The technical analysis highlights that Coca-Cola European Partners plc current is trading $1.08 points away or +2.85% from its 50-day moving average of $37.89. Further it is trading $-5.61 or -12.59% away its 200-day moving average of $44.58.

The 52-week high of Coca-Cola Enterprises, Inc. (NYSE:CCE) was $54.54 while lowest point recorded in 52-week was $33.67. It implies if stock price makes a movement of over $-15.57, it will record a new 52-week high. In the case of +15.74% drop, it will touch a new 52-week low.

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