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

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective hoisted by Evercore ISI from $78.00 to $82.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 8.68% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America raised 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. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. BNP Paribas lowered shares of 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 note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft increased 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 research note on Monday, September 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded down $2.40 during trading hours on Wednesday, hitting $75.45. The company’s stock had a trading volume of 633,105 shares, compared to its average volume of 1,390,173. Coca-Cola Europacific Partners has a 52-week low of $59.31 and a 52-week high of $82.32. The stock has a fifty day moving average of $78.78 and a 200-day moving average of $75.57. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised 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 valued at $40,000 after buying an additional 139 shares during the last quarter. New Millennium Group LLC acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $37,000. Crewe Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $36,000. New Covenant Trust Company N.A. bought a new position in Coca-Cola Europacific Partners during the 1st quarter valued at $36,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $50,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.