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

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $10.98 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded up $0.74 during trading hours on Friday, reaching $87.29. 1,774,425 shares of the stock were exchanged, compared to its average volume of 1,646,748. Coca-Cola Europacific Partners has a 52 week low of $65.94 and a 52 week high of $87.59. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a 50 day simple moving average of $78.12 and a 200-day simple moving average of $78.00.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research reports. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price for the company. Finally, Barclays lowered their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Four equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.