Cott Given Consensus Rating of “Hold” by Brokerages (NYSE:COT)
Shares of Cott (NYSE:COT) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, American Banking News reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.73.
Cott (NYSE:COT) opened at 7.34 on Monday. Cott has a 52-week low of $6.60 and a 52-week high of $8.74. The stock has a 50-day moving average of $7.00 and a 200-day moving average of $7.60. The company’s market cap is $690.6 million.
Cott (NYSE:COT) last issued its quarterly earnings data 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. On average, analysts predict that Cott will post $0.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Thursday, August 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend 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, August 1st. They now have a $8.50 price target on the stock, up previously from $8.25. 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.
Cott Corporation (NYSE:COT) is a producers of beverages on behalf of retailers, brand owners and distributors.
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