As of Wednesday close, Coca-Cola Europacific Partners PLC’s (NASDAQ:CCEP) stock was down -$0.38, moving down -0.60 percent to $62.83. The average number of shares traded per day over the past five days has been 738,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.12 fall in that time frame. In the last twenty days, the average volume was 1,004,815, while in the previous 50 days, it was 1,014,028.
Since last month, CCEP stock retreated -2.75%. Shares of the company fell to $62.71 on 08/01/23, the lowest level in the past month. A 52-week high of $66.79 was reached on 05/16/23 after having rallying from a 52-week low of $41.80. Since the beginning of this year, CCEP’s stock price has risen by 13.58% or $7.51, and marked a new high 24 times. However, the stock has declined by -5.93% since its 52-week high.
Valuation Metrics
Right now, Coca-Cola Europacific Partners PLC (CCEP) has a P/E ratio of about 15.48. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 3.38.
Financial Health
In the recent quarter, Coca-Cola Europacific Partners PLC’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.20, and the total debt-to-equity ratio was 1.52. On the profitability front, the trailing twelve-month gross margin is 36.30% percent. In the recent year, EBITDA margin amounted to 17.77%, whereas operating margins totaled 12.70%. Based on annual data, CCEP earned $6.56 billion in gross profit and brought in $18.25 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.50%. Return on equity (ROE) for the past 12 months was 22.70%.
Technical Picture
This quick technical analysis looks at Coca-Cola Europacific Partners PLC’s (CCEP) price momentum. With a historical volatility rate of 16.70%, the RSI 9-day stood at 35.83% on 16 August.
With respect to its five-day moving average, the current Coca-Cola Europacific Partners PLC price is down by -1.75% percent or -$1.12. At present, CCEP shares trade -2.98% below its 20-day simple moving average and +10.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.98% below its SMA50 and +35.41% above its SMA200.
Stochastic coefficient K was 19.27% and Stochastic coefficient D was 32.91%, while ATR was 1.00. Given the Stochastic reading of 3.29% for the 14-day period, the RSI (14) reading has been calculated as 40.05%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -0.49.
Analyst Ratings
Societe Generale upgraded its rating on Coca-Cola Europacific Partners PLC (NASDAQ: CCEP) to a Hold in a note to investors on April 26, 2023. The analysts firm previously had a Sell rating on the stock.Coca-Cola Europacific Partners PLC (CCEP) has been rated Overweight by analysts. According to 0 brokerage firms, CCEP is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Coca-Cola Europacific Partners PLC stock as buy, with 12 recommending it as overweight.
With a median target price of $66.88, the current consensus forecast for the stock is $53.97 – $77.00. Based on these forecasts, analysts predict Coca-Cola Europacific Partners PLC (CCEP) will achieve an average price target of $64.98.
