Is It Undervalued? Look at the P/E Ratio: Coca-Cola European Partners plc (CCEP), Harsco Corporation (HSC)

You should consider shares of Coca-Cola European Partners plc (NYSE:CCEP) and Harsco Corporation (NYSE:HSC) if you are looking for a great stocks to invest in. Starting with the CCEP shares, which traded at $52.75 at the close of the recent session, gaining 2.77%. On Wednesday, the company’s shares shed $1.42 from its value which represented in intraday trading. The stock is now 3.68% higher in year-to-date (YTD) trading. CCEP’s intraday high was $53.115 while its lowest price touched $52.35. The stock’s 52-week high price is $58.94, which means the current price is at -10.50%. In terms of trading activity, the daily trading volume fell to 1018870 against 200-day average trading volume of 1,089,606 shares.

What are analyst forecasts for Coca-Cola European Partners plc (NYSE:CCEP)?

At a consensus rating of 4.00, CCEP is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 6 analysts recommended, on average, that CCEP stock is a Moderate Buy. The Consumer Goods company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $52.57 on the day.

Forecasts for Coca-Cola European Partners plc (NYSE:CCEP) give the stock a fair value for the growth of -3.07% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $51.18, which means the price per share could fall by nearly -$1.57. The price range target is between a low of $45.00 and a high of $61.00. The stock would need to gain by about $13.52 to hit the estimated high or 0.85% from its 12-month low.

The consensus among 15 analysts is that it is a good time for one to Overweight in the Coca-Cola European Partners plc. 8 analysts rate CCEP as a Buy, with 0 of 15 analysts rate it as a Sell. 0 have valued the stock as Overweight and 7 have recommended that investors Hold.

Coca-Cola European Partners plc (NYSE:CCEP) Upgrades and Downgrades

In terms of rating changes, JP Morgan on January 15, 2020, Upgrade Coca-Cola European Partners plc (CCEP) at Overweight. They believe the stock could reach $62 in the near term. Analysts at Argus have assigned a Hold rating for the stock in their research note on December 05, 2019. Moreover, Liberum analysts issued a rating of Buy for the stock on September 19, 2019. On June 12, 2019, the stock earned a Equal-Weight rating due to an analyst call from Morgan Stanley.

Harsco Corporation (NYSE:HSC) adds -$0.44 on Wednesday

The HSC stock has tanked -15.12% year-to-date and is currently trading at $19.53, which is -30.18% below its 52-week high. The company shares lost -2.20% on the day and have risen nearly 19.60% off a low hit. At current levels, Harsco Corporation has a valuation of about $1.54B. As of 01/15/20, this stock has fallen -11.07% during the week and closed at $19.97 in the previous session. However, recent Harsco Corporation stock performance shows that HSC shares are -12.42% down over the last month, and 5.57% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.28, with the trailing 12-month share earnings at $0.67. The ratio is expected to be up by 6.10% for the current year 2019 and 12.90% for next year. Over the next 5-year period, earnings per share will be 20.00%. But will the HSC stock surprise in the current quarter results, where the $0.36 actual EPS reported on 9/29/2019 surprised by -2.70% or was lower by -$0.01 from the estimated $0.37.

Sales Growth to climb 4.80% for the year

How well will Harsco Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $445M and $451.1M in current quarter sales. The consensus estimated for the current quarter is $448.05M from sales. Forecasts for this fiscal year are between $1.67B and $1.67B and the consensus estimate for sales is at $1.67B. HSC has its next quarter sales estimates at between $383.7M and $383.7M, with the quarter-over-quarter growth estimates at -14.20% and the annual growth forecast for the year at 4.80%.

Who owns shares in Harsco Corporation (HSC)?

Let’s briefly focus on the share ownership of the Harsco Corporation (NYSE:HSC) stock, where we find that 94.73% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 11.67 million shares or 14.85% of shares outstanding. Vanguard Group, Inc. (The) and River Road Asset Management, LLC held 8.39 million and 2.78 million representing 10.67% and 3.54% respectively at the close of the last trading session. As of Sep 29, 2019, Adage Capital Partners GP L.L.C. accounted for 2.69 million shares at over 51.08 million. This represented 3.43% of shares outstanding. SG Capital Management, LLC held 2.33 million shares at over 44.09 million representing 2.96% of shares outstanding.

HSC Insider Activity

On 2/19/2019, Chairman, President & Chief Executive Officer by the name Grasberger Francis Nicholas Iii sold 100105.0 shares worth $2.2 million at the price of $21.71 per share. Filings also show that Minan Peter Francis sold a total of 28917.0 shares on 2/19/2019 valued at $627800.0. Since the last insider activity, the company’s share price has dropped -10.54%.