Don’t Be Fooled By Weakness in Coca-Cola European Partners plc [CCEP] Stock

Over the past three months, Coca-Cola European Partners plc [CCEP] ended the trading day at $46.38 and exhibited a change of -0.97% with a 24 hour trading and reached upto the volume of 1.62M compared to its recorded trading volume of 0.63 million. CCEP generated a 1 year amount change with -6.00%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 4.81% with an amount shift of 31.36% over the last month.

On 3, November 2020, Coca-Cola European Partners plc Announces Update re Coca-Cola Amatil acquisition. According to news published on Yahoo Finance, UXBRIDGE, ENGLAND / ACCESSWIRE / November 3, 2020 / Coca-Cola European Partners (NYSE:CCEP)(LSE:CCEP) today announces it has entered into binding agreements to acquire Coca-Cola Amatil Limited (CCL), including by way of a Board recommended scheme of arrangement.

Analyst Birdseye View:

The most recent analyst activity for Coca-Cola European Partners plc [NYSE:CCEP] stock was on October 30, 2020, when it was Upgrade with a Hold rating from Societe Generale. On October 29, 2020, JP Morgan Downgrade a Neutral rating. On July 06, 2020, ABN Amro Upgrade a Buy rating. On June 10, 2020, ABN Amro Upgrade a Hold rating. On June 05, 2020, HSBC Securities Initiated a Hold rating and boosted its amount on this stock to $44. On March 19, 2020, BofA/Merrill Downgrade an Underperform rating and decreased its target amount on this stock from $60 to $30. JP Morgan elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $28.35 and a peak of $57.11. Right now, according to Wall Street analyst the average 12-month amount target is $40.06. At the most recent market close, shares of Coca-Cola European Partners plc [NYSE:CCEP] were valued at $46.38. According to the average price forecast, investors can expect a potential return of -24.84%.

FUNDAMENTAL ANALYSIS

Coca-Cola European Partners plc [NYSE:CCEP] most recently reported quarterly sales of 5.33 billion, which represented growth of -45.20%. This publicly-traded organization’s revenue is $522,026 per employee, while its income is $47,350 per employee. This company’s Gross Margin is currently 36.70%, its Pretax Margin is +12.10, and its Net Margin is +9.07. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.84, 16.93, 13.22 and 9.18 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 51.05 and the whole liability to whole assets at 34.36. It shows enduring liability to the whole principal at 44.70 and enduring liability to assets at 0.30 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 46.25 points at 1st support level, the second support level is making up to 45.68. But as of 1st resistance point, this stock is sitting at 47.27 and at 47.72 for 2nd resistance point.

Important Ratio’s To Watch

Quick ratio, showing Cash ratio at 0.08. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.77, it’s amount to book ratio is 3.36 and showing 25.15 of P/E (TTM) ratio.