Over the past 52 weeks Coca-Cola European Partners plc (NYSE:CCEP) has embarked on a rally that has seen it rise 21.87% and is now up by 20.25% since start of this year. The equity price sank -2.38% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 3.77% gain over the past 30 days. Its equity price climbed by 12.51% over the past three months which led to its overall six-month increase to stand at 25.74%.
The shares of Coca-Cola European Partners plc (CCEP) dropped by -3.05% or -$1.51 from its last recorded high of $49.43 which it attained on November 16 to close at $47.92 per share. Over the past 52 weeks, the shares of Coca-Cola European Partners plc has been trading as low as $36.17 before witnessing a massive surge by 32.49% or $11.75. This price movement has led to the CCEP stock receiving more attention and has become one to watch out for. It jumped by 0.25% on Thursday and this got the market excited. The stock’s beta now stands at 0.62 and when compared to its 200-day moving average and its 50-day moving average, CCEP price stands 13.98% above and 3.9% above respectively. Its average daily volatility for this week is 1.6% which is less than the 1.66% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Coca-Cola European Partners plc with most of them predicting a $48.14 price target on a short-term (12 months) basis. The average price target by the analysts will see a 0.46% rise in the stock and would lead to CCEP’s market cap to surge to $23.21B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 16 analysts that track Coca-Cola European Partners plc (NYSE:CCEP) and find out that 4 of them rated it as a Hold. 11 of the 12 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at CCEP technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.24 point. Its trading volume has lost -136057 shares compared to readings over the past three months as it recently exchanged 1563943 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1700000 shares, and this is 0.92 times the normal volume.
The price of Allegheny Technologies Incorporated (NYSE:ATI) currently stands at $25.9 after it went up by $0.16 or 0.62% and has found a strong support at $25.04 a share. If the ATI price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $24.18 mark would also be bad for the stock as it means that the stock would plunge by 6.64% from its current position. However, if the stock price is able to trade above the resistance point around $26.33, then it could likely surge higher to try and break the upward resistance which stands at $26.76 a share. Its average daily volatility over the past one month stands at 3.81%. The stock has plunged by 4.98% from its 52-weeks high of $24.61 which it reached on Jan. 23, 2018. In general, it is 16.87% above its 52-weeks lowest point which stands at $21.53 and this setback was observed on Dec. 07, 2017.
Analysts have predicted a price target for Allegheny Technologies Incorporated (ATI) for 1 year and it stands at an average $34.36/share. This means that it would likely increase by 32.66% from its current position. The current price of the stock has been moving between $24.61 and $25.9. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $28. On the other hand, one analyst is super bullish about the price, setting a target as high as $45.
The ATI stock Stochastic Oscillator (%D) is at 50.59%, which means that it is currently neutral. The shares P/S ratio stands at 0.83 which compares to the 2.74 recorded by the industry or the 65.48 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.93, which is lower than the 20.09 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -21.4% over the past five years.
Analysts view Allegheny Technologies Incorporated (NYSE:ATI) as a Hold, with 2.1 consensus rating. Reuters surveyed 10 analysts that follow ATI and found that 3 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Allegheny Technologies Incorporated (ATI) shares or sell it if they already own it.