The resilience and continued growth of American multinational corporations such as $KO (Coca Cola Co, US)this year are relying on the performance outside of the United States to make up for the decline in sales within the United States via Coca-Cola European Partners PLC $CCE . $CCE operates as a consumer goods subsidiary company which operates in 8 European countries including Belgium, France, Germany, Great Britain, Luxembourg, and Monaco which produces, distributes and markets nonalcoholic ready-to-drink beverages. $CCE has a market cap of $20.82 billion which has over 19,000 employees with $10.1 billion in sales/revenue which is 40% above last years sales/revenue (Business Wire, 2017). With a P/E Ratio of 27 shows that the company is relatively undervalued in an environment of a rising Euro and lower dollar.
The major analyst ratings of $CCE include 1. Research Team—Hold Rating (Updated: 8/20/2017), 2. CFRA-4 out of 5 star rating (updated 8/14/2017), 3. Ford Equity Research—Hold Rating (Updated: 8/17/2017), 4. The Street—Hold Rating (Updated 8/19/2017), and 5. Market Edge—Long (updated 8/17/2017).
Second-quarter diluted earnings per share were EUR0.61 on a reported basis or EUR0.67 on a comparable basis. Second-quarter 2017 reported revenue was EUR3.1 billion which expanded the scope of the company to include Germany, Iberia, and Iceland beating past revenue second-quarter 2017 versus prior year by over 40%.
Target 1: $47
Target 2: $49.50
Target 3: $52.50
Long Term 4th Target: $54.50
On the 1 year daily chart the chart indicates an identifiable V-shaped rally in the chart which has propelled the stock from lows of $30.55 in December 2016 to recent highs of $44.75 in August 2017. The chart above shows that $CCE has risen through the bullish upward rising channel holding above the support bottom trendline which provides the path towards new highs in 2017-2018.
Disclaimer: MTTS Trading LLC, its partners and/or 3rd party affiliates reserve the right to notify that are that all parties are in open entry/closing positions in all of the above stocks, options, and/or other forms of equities. The trades provided in the above daily/weekly watchlist are simulations based on MTTS oscillators strictly for educational purposes only, and not to solicit or manipulate any stock, option or other form of equity. Under Section 202(a)(11)(A)-(E) of the Advisers Act this information is not considered investment or portfolio advisement from an authorized broker registered by the S.EC. (Securities Exchange Committee) and is limited to the scope of education in the form of market commentary through simulated trades via MTTS indicators, and other educational tools.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.