Analyst Nadine Sarwat from Bernstein maintained a Hold rating on Coca-Cola Europacific Partners (CCEP – Research Report) and keeping the price target at $82.00.
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Nadine Sarwat’s rating is based on Coca-Cola Europacific Partners’ robust yet well-known financial fundamentals. The company demonstrates solid topline growth, primarily driven by its faster-growing regions such as the Asia-Pacific segment. However, this is partially counterbalanced by slower growth in Europe. The recent acquisition of the Philippines business has increased exposure to volume growth, which is promising, but the penetration of carbonates in other potential markets like Indonesia remains low.
Nadine Sarwat considers CCEP a market leader in its key regions, with a strong position and share gains in most of these markets. The projected earnings per share growth, supported by share buybacks and profit margin expansion, reflects positively on the company’s financial health. Despite these strengths, Sarwat believes these factors are already reflected in CCEP’s current stock price, which is trading above its historical average. Consequently, she rates the stock as Hold, with a target price adjustment reflecting the latest foreign exchange updates.
In another report released on February 14, Kepler Capital also maintained a Hold rating on the stock with a €68.00 price target.