Coca-Cola Enterprises Inc (CCE) is Initiated by BofA/Merrill to Buy

Coca-Cola Enterprises Inc (CCE) was Initiated by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Coca-Cola Enterprises Inc. Coca-Cola Enterprises Inc was Initiated by Goldman to “Buy” on May 31, 2016. Stifel Upgraded Coca-Cola Enterprises Inc on Apr 14, 2016 to ” Buy”, Price Target of the shares are set at $65.Company shares were Reiterated by UBS on Apr 13, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .

On the company’s financial health, Coca-Cola Enterprises Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.40. The company had revenue of $1517.00 million for the quarter, compared to analysts expectations of $1542.60 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Coca-Cola Enterprises Inc opened for trading at $50.83 and hit $52.275 on the upside on Friday, eventually ending the session at $51.55, with a gain of 1.36% or 0.69 points. The heightened volatility saw the trading volume jump to 6,22,50,366 shares. Company has a market cap of $11,750 M.

In a different news, on Mar 3, 2016, John Brock (Chairman and CEO) sold 590,779 shares at $48.64 per share price. According to the SEC, on Jul 14, 2015, Calvin Darden (director) sold 12,399 shares at $45.00 per share price. On May 4, 2015, Suzanne D Patterson (VP, Controller & CAO) sold 3,312 shares at $45.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Coca-Cola Enterprises Inc. (CCE) markets produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium continental France Great Britain Luxembourg Monaco the Netherlands Norway and Sweden. The Company is The Coca-Cola Company’s (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition it purchases sweeteners juices mineral waters finished product carbon dioxide fuel PET (plastic) preforms glass aluminum and plastic bottles aluminum and steel cans pouches closures post-mix and packaging materials. The Company’s beverage portfolio includes Coca-Cola Diet Coke/Coca-Cola light Coca-Cola Zero Fanta and Capri-Sun among others.

Coca-Cola Enterprises Inc

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