Cott Given Average Rating of “Hold” by Analysts (NYSE:COT)
Cott (NYSE:COT) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Analyst Ratings Net reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $8.73.
Shares of Cott (NYSE:COT) traded up 2.02% on Monday, hitting $7.08. The stock had a trading volume of 77,573 shares. Cott has a one year low of $6.60 and a one 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 $666.1 million.
Cott (NYSE:COT) last announced its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.20 earnings per share. Cott’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Cott will post $0.33 earnings per share 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.
A number of analysts have recently weighed in on COT shares. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Cott in a research note on Friday. They now have a $8.50 price target on the stock, up previously from $8.25. Separately, 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. Finally, analysts at Goldman Sachs cut their price target on shares of Cott to $8.00 in a research note on Friday, May 9th.
Cott Corporation (NYSE:COT) is a producers of beverages on behalf of retailers, brand owners and distributors.
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