FY2022 EPS Estimates for Coca-Cola HBC AG Decreased by Analyst (OTCMKTS:CCHGY)

Coca-Cola HBC AG (OTCMKTS:CCHGY – Get Rating) – Investment analysts at Jefferies Financial Group dropped their FY2022 earnings per share estimates for Coca-Cola HBC in a report issued on Thursday, April 14th. Jefferies Financial Group analyst E. Mundy now anticipates that the company will post earnings of $1.39 per share for the year, down from their prior estimate of $1.41. Jefferies Financial Group also issued estimates for Coca-Cola HBC’s FY2023 earnings at $1.51 EPS and FY2024 earnings at $1.63 EPS.

A number of other analysts have also recently commented on CCHGY. Societe Generale upgraded shares of Coca-Cola HBC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 23rd. Morgan Stanley lowered shares of Coca-Cola HBC from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 9th. JPMorgan Chase & Co. cut Coca-Cola HBC from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from GBX 2,500 ($32.58) to GBX 1,900 ($24.76) in a research report on Monday, March 14th. Zacks Investment Research downgraded Coca-Cola HBC from a “hold” rating to a “sell” rating in a research note on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Coca-Cola HBC from GBX 3,260 ($42.48) to GBX 3,130 ($40.79) in a research note on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,276.54.

Shares of OTCMKTS CCHGY opened at $20.58 on Friday. Coca-Cola HBC has a fifty-two week low of $18.99 and a fifty-two week high of $39.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 1.05. The business has a 50-day simple moving average of $24.56 and a two-hundred day simple moving average of $30.71.

Coca-Cola HBC Company Profile (Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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