Coca-Cola Europacific Partners Plc (CCEP) stock expected to decline by -3.9%: What’s driving the pessimism?

A share price of Coca-Cola Europacific Partners Plc [CCEP] is currently trading at $66.45, down -0.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CCEP shares have lost -2.99% over the last week, with a monthly amount drifted -6.30%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Coca-Cola Europacific Partners Plc [NASDAQ: CCEP] stock has seen the most recent analyst activity on January 12, 2024, when Exane BNP Paribas upgraded its rating to a Outperform. Previously, Goldman upgraded its rating to Buy on December 04, 2023. On April 26, 2023, upgrade upgraded it’s rating to Hold but maintained its price target of $61.15 on the stock. UBS upgraded its rating to a Buy and increased its price target to $68 on August 03, 2022. Kepler downgraded its rating to a Hold. ING Group started tracking with a Buy rating for this stock on February 08, 2022, and assigned it a price target of $71.05.

Coca-Cola Europacific Partners Plc experienced fluctuations in its stock price throughout the past year between $56.28 and $72.67. Currently, Wall Street analysts expect the stock to reach $63.86 within the next 12 months. Coca-Cola Europacific Partners Plc [NASDAQ: CCEP] shares were valued at $66.45 at the most recent close of the market. An investor can expect a potential drop of -3.9% based on the average CCEP price forecast.

Analyzing the CCEP fundamentals

Trailing Twelve Months sales for Coca-Cola Europacific Partners Plc [NASDAQ:CCEP] were 19.79B which represents 1.73% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.37 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.43.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 66.20 points at the first support level, and at 65.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.86, and for the 2nd resistance point, it is at 67.28.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Coca-Cola Europacific Partners Plc [NASDAQ:CCEP] is 0.91. As well, the Quick Ratio is 0.72, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 3.46 and price to earnings (TTM) ratio is 16.91.

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