Cott Rating Reiterated by JPMorgan Chase & Co. (COT)
Cott (NYSE:COT)‘s stock had its “hold” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $8.50 price objective on the stock, up from their previous price objective of $8.25. JPMorgan Chase & Co.’s price target suggests a potential upside of 22.48% from the stock’s previous close.
COT has been the subject of a number of other recent research reports. Analysts at Jefferies Group initiated coverage on shares of Cott in a research note on Monday, June 9th. They set a “hold” rating and a $7.80 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Cott to $8.00 in a research note on Friday, May 9th. Finally, analysts at Deutsche Bank cut their price target on shares of Cott from C$11.00 to C$10.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Cott currently has a consensus rating of “Hold” and a consensus price target of $8.73.
Shares of Cott (NYSE:COT) opened at 6.94 on Friday. Cott has a 1-year low of $6.60 and a 1-year high of $8.74. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $7.62. The company’s market cap is $652.9 million.
Cott (NYSE:COT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $550.90 million for the quarter, compared to the consensus estimate of $552.98 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Cott will post $0.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, August 26th.
Cott Corporation (NYSE:COT) is a producers of beverages on behalf of retailers, brand owners and distributors.
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