Coca-Cola Europacific Partners (CCEP) Projected to Post Earnings on Friday

Coca-Cola Europacific Partners (NASDAQ:CCEP) is expected to release its earnings data before the market opens on Friday, February 28th. Analysts expect Coca-Cola Europacific Partners to post earnings of $2.03 per share and revenue of $10.98 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $86.51 on Friday. The company has a 50 day moving average of $78.12 and a 200-day moving average of $78.00. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a twelve month low of $65.94 and a twelve month high of $87.03.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of research analyst reports. Barclays cut their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.