Cott Corporation (NYSE:COT) had its target price increased by equities research analysts at Credit Suisse Group from $17.00 to $18.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock.
COT has been the topic of several other reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Cott Corporation in a research report on Thursday, August 10th. BMO Capital Markets reissued a “buy” rating and issued a $17.00 target price on shares of Cott Corporation in a research report on Thursday, July 27th. Zacks Investment Research raised Cott Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $12.00 target price on shares of Cott Corporation in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$17.04.
Shares of Cott Corporation (COT) opened at C$16.15 on Friday. Cott Corporation has a twelve month low of C$10.10 and a twelve month high of C$16.26. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 2.46.
Cott Corporation (NYSE:COT) last announced its earnings results on Thursday, November 9th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.08). The firm had revenue of C$995.00 million during the quarter, compared to analysts’ expectations of C$1.01 billion. Cott Corporation had a positive return on equity of 0.09% and a negative net margin of 2.86%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. sell-side analysts predict that Cott Corporation will post 0.2 EPS for the current fiscal year.
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In other news, CAO Jason R. Ausher sold 5,800 shares of Cott Corporation stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 20,770 shares of the company’s stock, valued at approximately C$318,819.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory R. Monahan sold 8,500 shares of Cott Corporation stock in a transaction dated 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 transaction, the director now directly owns 115,666 shares in the company, valued at C$1,769,689.80. The disclosure for this sale can be found here. 2.06% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Cott Corporation by 2.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,493,194 shares of the company’s stock valued at $79,276,000 after buying an additional 151,673 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Cott Corporation by 157.3% during the 2nd quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock valued at $58,889,000 after buying an additional 2,493,378 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cott Corporation by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock valued at $40,495,000 after buying an additional 120,040 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Cott Corporation by 0.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,041,776 shares of the company’s stock valued at $30,647,000 after buying an additional 14,740 shares in the last quarter. Finally, Overbrook Management Corp lifted its position in shares of Cott Corporation by 49.1% during the 2nd quarter. Overbrook Management Corp now owns 1,817,223 shares of the company’s stock valued at $26,241,000 after buying an additional 598,209 shares in the last quarter.
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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