Cott Upgraded at Stifel Nicolaus (COT)
Cott (NYSE:COT) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
In other Cott news, VP Gregory Leiter sold 12,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $7.37, for a total value of $88,440.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Cott (NYSE:COT) opened at 7.29 on Thursday. 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 $7.13 and a 200-day moving average of $7.55. The company’s market cap is $683.3 million.
Cott (NYSE:COT) last announced its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that Cott will post $0.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders 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 3.29%. The ex-dividend date is Tuesday, August 26th.
Several other analysts have also recently commented on the stock. 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. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cott currently has an average rating of “Hold” and a consensus price target of $8.73.
Cott Corporation (NYSE:COT) is a producers of beverages on behalf of retailers, brand owners and distributors.
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