Coca-Cola Enterprises (NYSE:CCE) issued its quarterly earnings data on Thursday. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.03, Analyst Ratings News reports. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion.
CCE has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Coca-Cola Enterprises from $40.00 to $45.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. On the ratings front, analysts at Argus raised their price target on shares of Coca-Cola Enterprises from $42.00 to $46.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note to investors on Wednesday, September 11th. They now have a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola Enterprises presently has an average rating of “Buy” and an average price target of $43.30.
Shares of Coca-Cola Enterprises (NYSE:CCE) opened at 42.47 on Thursday. Coca-Cola Enterprises has a 52-week low of $28.82 and a 52-week high of $39.94. The stock’s 50-day moving average is $38.09 and its 200-day moving average is $36.98. The company has a market cap of $11.354 billion and a price-to-earnings ratio of 20.10.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 5th. Investors of record on Friday, November 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, November 20th.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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