Cott Corporation (NYSE:COT)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research note issued on Friday, October 27th. They presently have a $20.00 target price on the stock.
Several other research firms also recently issued reports on COT. ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 price objective on shares of Cott Corporation in a report on Tuesday, July 25th. BMO Capital Markets raised their price target on shares of Cott Corporation from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of Cott Corporation in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Cott Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cott Corporation presently has an average rating of “Buy” and a consensus price target of C$17.04.
Shares of Cott Corporation (NYSE COT) opened at C$16.15 on Friday. Cott Corporation has a 52 week low of C$10.10 and a 52 week high of C$16.26. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 2.46.
Cott Corporation (NYSE:COT) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.08). Cott Corporation had a positive return on equity of 0.09% and a negative net margin of 2.86%. The firm had revenue of C$995.00 million for the quarter, compared to analysts’ expectations of C$1.01 billion. During the same period last year, the company posted $0.04 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. equities research analysts expect that Cott Corporation will post 0.2 EPS for the current year.
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In related news, Director Gregory R. Monahan sold 8,500 shares of Cott Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$15.30, for a total value of C$130,050.00. Following the completion of the transaction, the director now owns 115,666 shares in the company, valued at C$1,769,689.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jason R. Ausher sold 5,800 shares of Cott Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of C$15.35, for a total transaction of C$89,030.00. Following the completion of the transaction, the chief accounting officer now owns 20,770 shares of the company’s stock, valued at approximately C$318,819.50. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.
Large investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of Cott Corporation during the 3rd quarter worth approximately $682,000. Clearbridge Investments LLC purchased a new stake in shares of Cott Corporation during the 1st quarter worth approximately $2,329,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Cott Corporation by 4.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 684,400 shares of the company’s stock worth $9,883,000 after buying an additional 30,700 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of Cott Corporation during the 3rd quarter worth approximately $917,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Cott Corporation during the 1st quarter worth approximately $265,000.
Cott Corporation Company Profile
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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